Gold hovers around 200-day SMA, upside potential seems limited
Gold price gains some positive traction on Thursday, albeit lacks follow-through. A softer risk tone benefits the safe-haven XAU/USD amid subdued USD demand. Bets for more Fed rate hikes to act as a tailwind for the buck and cap the upside.
Gold buy 1920
Target 1925
Target 1930
Target 1943
Sl. 1903
Gold price gains some positive traction on Thursday, albeit lacks follow-through. A softer risk tone benefits the safe-haven XAU/USD amid subdued USD demand. Bets for more Fed rate hikes to act as a tailwind for the buck and cap the upside.
Gold buy 1920
Target 1925
Target 1930
Target 1943
Sl. 1903
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60 pips running keep hold buy
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