Gold Spot / U.S. Dollar
Updated

XAUUSD

11771
Hello traders ,what do you think about GOLD? Gold has reached the ceiling of the ascending channel and is also in the overbought zone.It is expected that after the correction to the specified support zone and the bottom of the channel will grow again to the specified level.
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Note
US PCE data is released today, which can be the driver of gold price movement.
Note
It has fallen more than 100 pips from the expected level. The correction is expected to continue until the specified zone

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