XAU/USD analysis: Dropped to 1,860.00
|XAU/USD
During Thursday morning, the XAU/USD exchange rate declined to the 1,860.00 level.
Given that yellow metal is pressured by the 55-, 100– and 200-hour moving averages in the 1,879.00/1,886.00 range, it is likely that some downside potential could continue to prevail in the market.
On the other hand, a reversal south could occur in the nearest future, and the price for gold could raise to the predetermined resistance range.
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