XAU/USD’s Short Term Chart Catches A Bid
The below is the 1H chart of XAUUSD. We note that the green 5-hour EMA has crossed above the orange 10-hour EMA. Moreover, the RSI(9) has moved above 50 indicating that the underlying momentum has turned bullish. With the EMAs starting to show angle and separation it seems as if the precious metal has attracted the attention of buyers at current levels.
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