💰 $XAUUSD price nurses losses while languishing at three-month lows near 1,910 💵 $USD looks to build on the previous rebound amid an uptick in the US Treasury bond yields and a mixed market mood Full forecast ⏩ Forex Commodities
Governor Andrew Bailey and Bank of Japan’s Governor Kazuo Ueda at the ECB Forum at 13:30 GMT. Gold traders will likely refrain from placing fresh bets ahead of central bankers’ speeches, which could stir volatility in the market.
Gold price awaits a confirmation of the Bear Cross on a daily closing basis to extend the bearish momentum. The downward-sloping 21-Daily Moving Average is on the verge of cutting the 100 DMA from above. Therefore. immediate support awaits at the March 16 low at $1,908, below which floors will open up toward the $1,900 threshold. Further down, the March 15 low of $1,886 will be the line in the sand for Gold buyers.
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