Gold prices consolidated in the $1,900-$1,940 range. Economists at ANZ Bank analyze XAU/USD’s technical outlook. In a neutral zone To break the curren
To break the current downward trend, prices need to move above the recent high of $1,940, which coincides with the trendline resistance level. The next resistance lies near $2,000 and a decisive rally above that would confirm a bullish signal. The Relative Strength Index looks neutral as well.Overall, we expect Gold to trade in the range of $1,900-$1,950, if there are no surprises from the Fed.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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