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Gold Price Short-term Outlook: XAU/USD Bulls Retreat After 23% Surge- 7% Drop Sparks Infection Risk
Gold’s powerful rebound from February lows has lost momentum after failing to sustain a move beyond technical resistance. The decline takes price into initial support, and a reaction here could determine whether the advance was simply overextended or whether a more meaningful pullback is developing. With volatility elevated amid the ongoing war in Iran and momentum stretched on higher timeframes, the next move from this zone carries outsized importance. A decisive defense by buyers would keep the broader uptrend intact, while continued weakness could mark the beginning of a more prolonged consolidation phase. ... (full story)
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Mar 3, 2026 1:08pm
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