Gold eased to around $2,510 per ounce on Friday but remains on track for its second consecutive monthly gain.
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Gold dropped to around $2,430 per ounce on Monday, reversing earlier gains and pulling back from last week’s record highs as investors took profits.
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Gold is currently facing initial support at $2,390 per ounce.
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Following yesterday's rally, the first resistance level for gold is at 2362, with subsequent levels above at 2375 and 2395.
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Gold started the day flat, with the first resistance level at 2332.
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Following a nearly $100 decrease, gold traded calmly on Monday.
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Gold continued its downward spiral on Friday, falling below $2,305 per ounce, marking its lowest point in a month.
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Gold is currently in a consolidation phase, trading sideways between 2365 and 2320.
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Yesterday, gold soared past $2,328 per ounce following a more dovish stance from the Federal Reserve.
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