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Gold Price Forecast: Has XAU/USD Topped? The $2400 Struggle Continues
With a move as loud and visible that we’ve seen in Gold, it can be difficult to draw fresh shorts into the market. Sure, there’s several items that suggest the move is overbought, but for a trader to take the risk of fading what’s been one of the strongest trends that the gold market has shown over the past 20 years, that can be a difficult prospect. There’s also the subject of drivers to consider, as this move hasn’t happened without motivation on the fundamental side. But, if price begins to stall at those highs, the attractiveness of reversal setups could grow. And that could draw bears into the market ... (full story)