Gold Price Forecast: XAU/USD to suffer more pain on a break below $1,806 – TDS Gold XAUUSD InterestRate Banks CentralBanks
fell sharply following the hawkish comments from the Fed Chair Powell. Strategists at TD Securities note that the yellow metal could suffer additional losses on a dip below the $1,806 mark.“While central banks and physical flows have been of keen importance, and have offered support to Gold, the higher for longer narrative in“A potential break below the $1,806 level would serve as the next trigger to see trend followers modestly reduce their positions.
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