Gold Price Forecast: XAU/USD losses traction, down below $1650 as US bond yields recover – by christianborjon Gold XAUUSD Metals Fed Technical Analysis
XAU/USD’s consolidated during the week around the $1660-80 range until Thursday when it dived toward the weekly low of $1642.49. nevertheless, trimmed losses and closes within the previously mentioned range. On Friday, XAU/USD has decisively broken below the range after facing solid resistance at the 20-day EMA, opening the door for a weekly low test, which, once cleared, could sendInformation on these pages contains forward-looking statements that involve risks and uncertainties.
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