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Gold Analysis: XAU/USD holds a key neutral zone around $4,500

From forex.com

Recent sessions have shown a notable lack of direction in gold price action in the short term. Over the past three sessions, the metal has moved only slightly above 2.00%, trading without a clear trend around the $4,500 per ounce level, reflecting a consistent phase of indecision in the market. For now, the escalation of the Middle East conflict and the behavior of alternative assets have prevented demand for gold from stabilizing. In this context, indecision could remain a dominant factor in XAU/USD price action over the coming sessions. Recent weeks have been marked by key central bank decisions and broader ... (full story)

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  • Category: Technical Analysis