Gold Price Forecast: XAU/USD eyes a fresh rally toward $1,787 Gold XAUUSD Technical Analysis
“Gold price finally yielded a bull flag confirmation after closing Thursday above falling trendline resistance, then at $1,737. The upside break opens doors toward the three-month high of $1,787. Although bulls will need to clear this week’s high near $1,770, at first.”
“On the flip side, a strong cushion is seen at Monday’s low of $1,733, below which the confluence of the 21 and 100DMAs at $1,712 will be challenged. The last line of defense forInformation 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.
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