Gold Price Forecast: XAU/USD remains poised to test the 50-DMA at $1,903

“Fed’s policy expectations take center stage heading into the release of the March meeting’s minutes. All eyes will remain on the Fed officials’ debate about the prospects of aggressive tightening in the coming months while any hints on the balance sheet reduction will be also closely eyed.”shows that the price is challenging the lower boundary of the recent trading range near the $1,915 region.

“On the upside, the 21-DMA at $1,941 will be the first test for gold bulls on the road to recovery, above which the previous day’s high of $1,945 will be challenged. Acceptance above the latter will expose the previous year’s high at $1,960, which will emerge as a tough nut to crack for gold buyers.”Information on these pages contains forward-looking statements that involve risks and uncertainties.

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