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Can XAU/USD start to recover?
The trading week is coming to an end, and although gold has tried to recover in the short term, the move still looks insufficient against the selling pressure that has remained in place over the past few weeks. Over the last five trading sessions, gold is still down close to -3.00%. For now, a phase of indecision is starting to stand out in the metal’s price action, as inflation pressures and the possibility of higher interest rates remain important factors for the market. If this backdrop remains in place, XAU/USD could continue to show an indecisive structure over the coming trading sessions. Despite recent ... (full story)