Gold Price Forecast: XAU/USD to challenge YTD low near $1,615 on failure to hold $1,642 Gold XAUUSD
is reinforced by the fact that oscillators on daily/4-hour charts are holding in the negative territory.”
“The $1,682-$1,684 region might continue to act as an immediate strong resistance ahead of the $1,700 mark. A sustained strength beyond the latter is needed to negate the near-term negative bias and set the stage for additional gains. Gold might then accelerate the momentum back towards retesting the monthly peak, around the $1,728-$1,730 zone.”
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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