Gold Price Analysis: XAU/USD bullish bias starting to fade
- Gold is testing critical support as the US dollar shows there is still some life to it.
- The stimulus is now fading which is a hurdle for the bullish trend in gold.
- Gold prices are testing the bull's commitments at the support structure around $1,906 in what could be a final test before the next leg higher of the bullish trend.
- At the time of writing, gold, XAU/USD, is trading at the lows of the day, $1,905, having travelled from a high of $1,955.62, down some 2% to start the week.
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