Gold Price Forecast: XAU/USD downside remains compelling amid hawkish Fed – Confluence Detector Gold XAUUSD Confluences Commodities Fed
shows that the gold price is facing stiff resistance at $1,674, the intersection of the Fibonacci 61.8% one-day and the Fibonacci 23.6% one-week.
The confluence of the previous day’s high and the Fibonacci 38.2% one-week at $1,685 will be a tough nut to crack for bulls. 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. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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