Gold expected to respect the closest 50 monthly MA

#Gold, #XAUUSD is very close to its 50 months MA (i.e. the orange line in chart) which is around 1641. Expect Gold to respect this level, touch the feet thereof and rebound a bit.
As per current Global scenerio, no strong reason is appearing for a bullish move in short term, unless anything pops up which you never know 😀