Gold Price Today: Yellow metal loses sheen amid dollar recovery; should you buy it?

“The metal failed three times to break a resistance at $2,005. The failures suggest the formation of a top. A five-wave cycle from the Feb. 28 low of $1,804.20 could be ending,” the report said, adding that the immediate resistance is at $1,981, a break above which could lead to $1,992-$2,005 range.

Gold Price Today: Yellow metal loses sheen amid dollar recovery; should you buy it?
“The metal failed three times to break a resistance at $2,005. The failures suggest the formation of a top. A five-wave cycle from the Feb. 28 low of $1,804.20 could be ending,” the report said, adding that the immediate resistance is at $1,981, a break above which could lead to $1,992-$2,005 range.