The precious metal is down 1.5% on the month in a rather poor start to January trading this year. The retreat sees gold back away from key weekly resistance around the 2020 highs at $2,073 but price is not falling off a cliff just yet. Here's a look at the technical picture at the moment:While sellers are staying in control in the near-term, there is yet to be a bigger test of key support levels for now. The trendline support from the November and December lows is seen at around $2,008 and we haven't gotten to that yet, let alone a test of the $2,000 mark.So, the downside pressure is not exactly overwhelming as of yet. Adding to that, there is also a crossover from the daily moving averages
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