Gold Forecast: XAU/USD Pulls Back Toward the $3,000 per Ounce Zone

From forex.com

Although the bullish bias in XAU/USD movements has remained strong, the price closed the week pulling back toward the $3,000 per troy ounce support zone, posting a short-term decline of just over 1%. Nevertheless, the long-term trend remains broadly bullish, and buying pressure could continue after a week dominated by major central bank decisions. This week, several key monetary policy decisions from central banks reflected the overall sentiment amid persistent uncertainty in financial markets. The most notable announcement came from the Federal Reserve, which decided to keep its interest rate unchanged at 4.5%. The ... (full story)