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Gold Technical Outlook: XAU/USD Short-term Trade Levels
Gold prices surged more than 3.7% into the start of the week, with XAU/USD mounting its largest single-day advance since May 6- that instance marked the monthly high in gold. Price is stalling into pivotal resistance today, and the focus is on possible price inflection off this level. It’s decision time for gold traders, and losses would need to be limited for bulls maintain control. With the economic docket still light amid the ongoing government shutdown, attention turns to a wave of Fed commentary expected in the days ahead for clues on the policy outlook into year-end. Battle lines drawn on the XAU/USD ... (full story)
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