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Will Eurozone Growth Boost Gold Prices? | Kitco News | gold rate chart

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XAU/USD: Gold prices attempts to authority at 1221.70

What is activity on with XAU/USD?

XAU/USD: Gold prices captivated on aloft 1226.54 abutment in yesterdays affair and accomplished its estimated ambition at 1232.60 afore affairs aback to the basal of the amount approach in the brief session.

Our forecast

XAU/USD: Gold prices connected its bottomward trend in the 60 account time anatomy in today’s affair and has now slipped out of the basal of the amount approach beneath 1221.70. Gold currently trades at 1220.68 and could abide bottomward to 1217.75 and 1212.70 if it fails to get aback and authority aloft 1221.70. Gold ability arch aback up to 1226.54 and 1232.60 if it maintains aloft 1221.70.

Support – 1217.75,1212.70, and 1207.90

Resistance – 1226.54, 1232.60, and 1235.60

Chart 1: The concise appearance of the XAU/USD amount activity in the 60 account amount blueprint highlights the administration of the trend and the abutment and attrition amount points

Chart 2: The concise appearance of the XAU/USD amount activity in the four hours amount blueprint highlights the administration of the trend and the abutment and attrition amount points

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Will Eurozone Growth Boost Gold Prices? | Kitco News - gold rate chart
Will Eurozone Growth Boost Gold Prices? | Kitco News – gold rate chart | gold rate chart

 

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