Gold price continues its winning spell for the fourth straight trading session. The precious metal attempts to deliver a decisive break above the 20 and 50-day Exponential Moving Averages (EMAs), which trade around $2,020.
Gold price (XAU/USD) extends its bullish streak for the fourth straight trading session on
The triangle could breakout in either direction, however, the odds marginally favor a move in the direction of the trend prior to the formation of the triangle – in this case up. A decisive break above or below the triangle boundary lines would indicate a breakout was underway
Gold Price Forecast: Fed policy will remain key to the outlook for XAU/USD in the months ahead – ING
Gold has been trading in a narrow range awaiting clues on the prospects for US interest rates. Economists at ING analyze the yellow metal’s outlook Xauusd sell confirm