Gold Price Forecast: XAUUSD rebounds amid pre-Fed risks, levels to watch – Confluence Detector Gold XAUUSD Fed Confluences Commodities
That level is the convergence of the Fibonacci 23.6% one-week and pivot point one-day R1.
Further upside will threaten a dense cluster of resistance levels stacked up around $1,740, where the previous week’s high, pivot point one-day R3 and the Fibonacci 161.8% one-day merge. 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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