Gold wobbles around late February top despite crossing 50-day SMA for the first time in three months. Bullish MACD favors bulls but a daily closing beyond November lows becomes necessary for further upside. 23.6% Fibonacci retracement offers extra support to watch during the pullback. Gold slips below $1,764 in the latest pullback move during Friday’s Asian session. The yellow metal marked the heaviest gains in five weeks the previous day but couldn’t offer a daily closing beyond November 2020 lows near $1,765. Even so, the yellow metal keeps the 50-day SMA breakout portrayed the previous day. As a result, the latest consolidation move may re-test the key SMA support around $1,752. Though, any further weakness will be questioned by the 23.6% Fibonacci retracement level of November 2020 to March 2021 downside, around $1,745. In a case where the bullion sellers dominate past $1,745, the $1,720 and the $1,700 support levels may test the south-run towards the yearly bottom of $1,676. Meanwhile, an upside break of the $1,765 hurdle could aim for a 38.2% Fibonacci retracement level near $1,787-88 before highlighting the $1,800 threshold for the bulls. During the quote’s sustained run-up beyond $1,800, the late February tops near $1,816 will be the key to watch. Gold daily chart Trend: Pullback expected FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoJ’s Kuroda: Will take time but possible to achieve 2% inflation target with powerful monetary easing FX Street 2 years Gold wobbles around late February top despite crossing 50-day SMA for the first time in three months. Bullish MACD favors bulls but a daily closing beyond November lows becomes necessary for further upside. 23.6% Fibonacci retracement offers extra support to watch during the pullback. Gold slips below $1,764 in the latest pullback move during Friday's Asian session. The yellow metal marked the heaviest gains in five weeks the previous day but couldn't offer a daily closing beyond November 2020 lows near $1,765. Even so, the yellow metal keeps the 50-day SMA breakout portrayed the previous day. As a result, the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.