Gold Price Forecast: XAU/USD defies bearish odds ahead of the Fed Gold XAUUSD
“Daily closing above the $1,824 upside hurdle will invalidate the bearish wedge formation, opening doors toward $1,850 – the psychological level.”
“On the flip side, strong support awaits at the confluence of the bearish 200-Daily Moving Average and the wedge support at around $1,790. The next relevant support is envisioned at the bullish 21DMA at $1,771.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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