Gold Price Forecast: XAU/USD rises back above $1780 on recession fears, weak China data – by christianborjon Gold XAUUSD Macroeconomics Technical Analysis SEO
, the University of Michigan , and the following week’s Consumer Price Index , it would shed some cues about inflation elevating or easing.From a technical perspective, Gold remains upward biased. However, after breaching the $1800 figure last Friday, the yellow metal failed to capitalize on broad US Dollar weakness, as XAU/USD tumbled below the $1800 mark.
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