Gold XAUUSD Chart Technical Outlook

Gold XAUUSD Chart Technical Outlook is looking to break below $2,000
Gold price meets with a fresh supply on Thursday, though the downside remains limited
Hawkish Federal Reserve expectations drive some flow away from the non-yielding metal.
Looming recession fears lend support to the XAU/USD amid a modest US Dollar weakness.
Gold price struggles to capitalize on the previous day’s modest uptick and comes under some renewed selling pressure on Tuesday. The XAU/USD, however, manages to bounce off the daily low and hold above the $2,000 psychological mark through the first half of the European session
A Break below $2,000 can lead a further selling towards the $1,986-90 range.

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