Gold Price Forecast: XAU/USD struggles below $1,900 on mixed Federal Reserve talks Gold XAUUSD SEO Fed Inflation
of New York's monthly Survey of Consumer Expectations showed on Monday that the US consumers' one-year inflation expectation declined to 5% in December from 5.2% prior. Alternatively, the three-year ahead expected inflation remained unchanged at 3% and the five-year ahead expected inflation edged higher to 2.4% from 2.3%.
Also challenging the XAU/USD buyers was the receding bullish bias of the Moving Average Convergence and Divergence indicator.However, a fortnight-long ascending support line, close to $1,838 by the press time, could challenge the XAU/USD sellers afterward.
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