Gold Price Forecast: Bullish reversal triggered by US Dollar sell-off

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Gold Price Forecast: Bullish reversal triggered by US Dollar sell-off
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Gold Price Forecast: Bullish reversal triggered by US Dollar sell-off Gold XAUUSD Inflation Fed

Gold price confirmed falling wedge formation on the daily chart after yielding a daily close above the falling trendline resistance at $1,813 on Tuesday.”

“Further up, the downward-sloping 21-Daily Moving Average at $1,853 could challenge the bearish commitments.Financial markets have been a two-tale story for the early part of 2023, in which Gold price has reflected in its price action like no other asset.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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