Gold reversed an early dip and turned positive for the third consecutive session. Slightly overbought RSI on the daily chart warrants some caution for bullish traders. Any meaningful dip towards the $1930 area might be seen as a buying opportunity. Gold attracted some dip-buying near the $1941 region and jumped to fresh two-month tops during the early European session. The commodity was last seen hovering around the $1952-53 region, marking the 61.8% Fibonacci level of the $2075-$1764 downfall. The emergence of some fresh selling around the US dollar was seen as one of the key factors that assisted the dollar-denominated commodity to regain traction. The precious metal has moved back into the positive territory for the third consecutive session. Meanwhile, any subsequent positive move is likely to confront resistance near the $1960-65 congestion zone. Given that RSI on the daily chart is holding just above the 70.00 mark, the XAU/USD is more likely to take a brief pause near the mentioned barrier. That said, some follow-through buying will be seen as a fresh trigger for bullish traders and set the stage for an extension of the recent bullish move. The yellow metal might then aim to reclaim the key $2000 psychological mark for the first time since August 2020. On the flip side, immediate support is pegged near the $1930 level and is closely followed by the 50% Fibo. level near the $1920 area. Any further decline might be seen as a buying opportunity, which, in turn, should help limit the downside for the commodity. XAU/USD daily chart Technical levels to watch 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 Georgia Elections: Markets to surf higher on imminent blue wave, USD to chop around Yohay Elam 1 year Gold reversed an early dip and turned positive for the third consecutive session. Slightly overbought RSI on the daily chart warrants some caution for bullish traders. Any meaningful dip towards the $1930 area might be seen as a buying opportunity. Gold attracted some dip-buying near the $1941 region and jumped to fresh two-month tops during the early European session. The commodity was last seen hovering around the $1952-53 region, marking the 61.8% Fibonacci level of the $2075-$1764 downfall. The emergence of some fresh selling around the US dollar was seen as one of the key factors that assisted the dollar-denominated… 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.