Gold recovered part of the ground lost on Monday, remains neutral in the near term XAU XAUUSD $XAU $XAUUSD
ng sharply against most major rivals, pushing the bright metal to an intraday low of 1,798.36. Wall Street’s opening spurred a dollar’s selloff, despite the mixed tone of US indexes.
The 4-hour chart shows that gold is trading between its 100 SMA, providing support around the daily low, and a bullish 20 SMA capping the upside. Technical indicators, in the meantime, remain directionless within neutral levels.View Live Chart for the XAU/USD 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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