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Gold became volatile $1700 as the price had a bullish daily close above the $1695 support levels. Therefore the bullish price action becomes questionable.
In this Gold price forecast, XAUUSD has surrendered a major part of its early modest gains to the $1288 area and might now be headed towards the middle of its daily trading range.
The XAUUSD pair fell sharply on Thursday and the bearish pressure gathered strength below the $1300 handle to drag the pair towards $1290.
Gold is approaching 1280 support level. Will there be an easy break below to see off the shorts to 1260? | AtoZ Markets
How may the yellow metal trade ahead of the Fed rate decision? Take a look at the latest 31 January Gold Price Technical Forecast to get insight on this.
Gold (XAU/USD) risk reversals shows that demand for XAU calls has weakened. How does the yellow metal trading today? Learn this from the 21 February Gold Price Technical Forecast.
18/05/15 Gold records its biggest weekly gain
18/05/15 Gold records its biggest weekly gain
May 03, 2018
Amandeep Sonewane
On Friday after the disappointing UoM Consumer Sentiment figures Gold continued its bullish move. Overall gold records its biggest weekly gain
Gold prices slide on weak demand, while the US Dollar is gaining the strength. ADS Securities' analysts see the presence of consolidation in the near term.