The yellow metal’s price tested the 1830.00 level on Wednesday. However, the XAU/USD exchange rate surrendered the earlier gains at the end of Wednesday’s trading session.
The commodity is likely to continue to edge lower during the following trading session. The possible target for gold short traders would be near the 1795 level.
However, the 200– hour simple moving average at 1810.1 could probably provide support for the exchange rate within this session.
