Gold had been in a steep uptrend since October 10 mainly on the back of geopolitical tensions, reclaiming crucial technical regions and posting a fresh five-month peak of 2,009. However, bullion has been experiencing a solid downside correction since then, with short-term oscillators pointing at more pain ahead. Should gold resume its freefall, the bears could initially attack the 1,932 region, which has acted both as support and resistance throughout 2023 and coincides with the 200-day simple moving average (SMA). Failing to halt there, the price may descend towards the September support of 1,901. Even lower, the ... (full story)