The yellow metal’s price has plummeted by 6.55% since Friday’s trading session. However, the commodity rebounded from a support line at 1686.1 during the Asian session on Monday.
The exchange rate could continue to edge higher during the following trading session. The potential target for buyers will be near the 55– hour simple moving average at 1792.4.
Though, bullish traders are likely to encounter resistance near the 1760.00 level within Monday’s trading session.
