GOLD → XAU/USD extends backslide, aimed for $1,950

XAUUSD bids tumbled to $1,956.73 in Tuesday's risk-off slide, bringing the XAU/USD's two-day performance to -1.83%, and despite a recovery back towards the $1,970 region, Gold remains pinned in bear country for the time being.

XAU/USD is down 2% from the last swing high above the $2,000 major handle, but Spot Gold bids still remain above the 200-day Simple Moving Average (SMA) currently lifting into $1,940.

MGC1! GC1! XAGUSD US500 DXY