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Gold (XAU/USD) Price Forecast: Faces Key Support Test as Volatility Set to Rise
Gold tested near-term trend support on Thursday, including the 50-Day MA, as it reached a two-day low of $3,311. This further compressed the recent price range as resistance was seen around the 20-Day MA, now at $3,348, for three days, including today. Then today, there was an outside day bearish reversal that triggered, with a weak closing price. Despite the lack of upside momentum following Tuesday’s break above a short trendline and the 50-Day MA, today’s closing price was above the 50-Day line. That shows underlying strength being retained since gold rebounded from below the 50-Day line hit earlier in the ... (full story)
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- Jul 4, 2025 1:37am Posted byTechnical Analysis313
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