XAUUSD
During Wednesday morning hours, the yellow metal was resisted by the 200-hour simple moving average to push the gold to the 1,283.23 mark.
Most likely, the XAU/USD will be trading bellow the resistance level of the 200-hour simple moving average at the 1,275.00 level during the trading session.
However, the gold might appreciate against the US Dollar during today's US FOMC Meeting Minutes at 19:00 GMT to push the yellow metal to break through the resistance level. Watch out for the fundamental!
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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