Technical Analysis: Gold price faces pressure near $2,320
Gold price struggles for a firm footing near $2,300. The precious metal remains on tenterhooks after sliding to near the 20-day Exponential Moving Average (EMA), which trades around $2,313. The yellow metal could fall to a three-week low near $2,265 amid multiple headwinds. A breakdown below the three-week low of $2,265 would expose the asset to March 21 high at $2,223.
The 14-period Relative Strength Index (RSI) falls below 60.00, suggesting that a bullish momentum has come to an end. However, the upside bias is intact until it sustains above 40.00
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