Gold Price News and Forecast: XAU/USD remains well supported above the 1560.00 mark
|Gold Price Analysis: XAU/USD bulls eyeing $1570.00/oz and above
Gold daily chart
Gold is trading in a bull trend above the main daily simple moving averages (SMAs). The market is evolving in a rising channel while the price appears to be supported above the 1560.00 figure.
Gold Daily News - Gold is lower as risk-on assets are gaining
The gold futures contract lost 0.60% on Tuesday, as it retraced some of its week-long advance from last Wednesday’s local low of $1,551.10. Investors reacted to the Fed’ Jerome Powell’s Testimony yesterday.The market continues to trade within a month-long consolidation following January 8 run-up to new medium-term high of $1,613.30.
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