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Back Technical analysis
XAU/USD. Price Analysis. Forecast. Gold Price Changes Course After Failing to Overcome Key Resistance
From a technical perspective, the short-term
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From a technical perspective, the short-term trend is moderately bearish, as the XAU/USD pair has not been able to break above the $4,550 level, near which the 100-day simple moving average lies. This has capped the overnight upward movement, indicating a corrective phase within a broader downward trend.Additionally, the MACD indicator remains in negative territory, with the histogram positioned below the signal line, reinforcing a sustained bearish momentum. Moreover, the Relative Strength Index (RSI) is moving deeper into the oversold
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Irina Yanina,
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