Gold Price Forecast: XAU/USD bears are moving in to fade the rally Gold Commodities DollarIndex Fed SEO
The prior Gold price analysis said ''the double bottom near the $1,800 psychological Gold price level is offering a compelling case for a move towards the $1,830s, a touch above the January opening lows. However, a retest of the W-formation's neckline could be on the cards first.''As illustrated, the Gold price burst higher after the correction and offered bulls an opportunity in late European and US markets to the target area.
The Gold price 5-min chart shows a structure near $1,826 that needs to give out in order for there to be prospects of a move to the target area. 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.
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