Gold is recouping recent losses as the US dollar dips on unconvincing jobs data.
The price has met strong buying interest at the key support at 1855, which lies near the 20-day moving average. The V-shaped recovery is likely to meet resistance below 1910. An overbought RSI could prompt short-term players to take profit.
Bullish sentiment remains unchallenged from the daily chart’s perspective despite short-term volatility. A bullish breakout could resume the rally towards 1950.
