Gold Price Forecast: XAUUSD Bounces but Can Bulls Retain Control?

From dailyfx.com

Gold prices have displayed a tone of recovery over the past week after starting November on a very sour note. As risk rallies were showing across a number of global markets, the fear bid left Gold, at least temporarily, as prices dropped down to fresh three-month-lows, eventually finding support at the 38.2% Fibonacci retracement of the summer breakout. Adding some additional context into the matter and a couple of zones discussed in these Gold technical pieces have recently come into play to help guide that move. Around support has been a zone that runs from the July swing-high of 1453 up to the October swing-low ... (full story)