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XAU/USD: Gold Holding Within a Narrow Consolidation and Looking for Direction Signal

XAU/USD: Gold Holding Within a Narrow Consolidation and Looking for Direction Signal
Gold price remains within a narrow consolidation for the third day, despite signals of pullback after the action was repeatedly rejected at pivotal Fibo barrier at $1964 (38.2% retracement of $2080/$1892). Near-term action continues to hold above 100DMA ($1954) which so far offsets the risk of stalling and subsequent weakness. Conflicting fundamentals (demand concerns over […] The post XAU/USD: Gold Holding Within a Narrow Consolidation and Looking for Direction Signal appeared first on Action F... Read More
Posted: Jul 17 2023, 11:05
Author Name: actionforex
Views: 102324

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