Gold Price News and Forecast: XAU/USD regains the 1600 mark after a short-lived dip below it
|Gold Price Analysis: XAU/USD bounces and challenges $1615/oz
After a short-lived dip below the 1600 mark the bullion is back above the level and the main SMAs on the four-hour chart suggesting bullish momentum in the medium term. If buyers overcome 1615 resistance the market could appreciate further towards 1640 and possibly to the 1670 level while immediate support can emerge near 1600 and 1570 levels.
Gold: Another dip in the near-term – TDS
Using the average bid and ask size posted in gold futures' closing session as a measure of depth, strategists at TD Securities illustrate that liquidity has dried up.
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