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Gold Outlook: XAU/USD Continues to Test All-Time Highs

From forex.com

Over the past five trading sessions, gold has once again attempted to reach its all-time high zone, located around $3,400 per ounce. Shortly after the bullish momentum approached this level, a new wave of short-term selling pressure emerged, reaffirming the strength of this technical barrier. However, buying interest has remained steady, mainly driven by market uncertainty and geopolitical tensions, which continue to support gold’s appeal as a safe-haven asset. The trade war remains a key catalyst for short-term gold price action. Earlier this week, the market was unsettled after new tariff threats from President ... (full story)

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  • Category: Technical Analysis