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Gold Price Short-term Outlook: XAU/USD Bulls Fight to Confirm Major Low- Fed on Tap
Gold has staged an impressive recovery after plunging to a fresh yearly low earlier this month, with XAU/USD now reclaiming the yearly open and challenging the broader bearish structure. The rebound is beginning to build a stronger technical case that a more significant low may be in place, but key resistance levels still stand overhead. With the Federal Reserve rate decision and updated economic projections on tap tomorrow, traders are looking for the catalyst that could either validate this recovery or halt it in its tracks. Battle lines drawn on the XAU/USD short-term technical charts. chart Technical Outlook: ... (full story)
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- Jun 16, 1:14pm | 4 hr ago Posted byTechnical Analysis1,277
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