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Back Technical analysis
XAU/USD Price Analysis and Forecast: Gold Remains Vulnerable Below $4,100
Gold (XAU/USD) fell below the psychological
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Gold (XAU/USD) fell below the psychological $4,100 level, reaching a new two-week low amid U.S. dollar strength. However, the price has since recovered and is now attempting to hold above this level.From a technical perspective, XAU/USD remains in a short-term downtrend, trading below the 100-period Simple Moving Average (SMA) on the 4-hour chart. The MACD (12, 26, 9) indicator is showing a weak bullish signal, with the signal line positioned slightly above the histogram. At the same time, the Relative
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Irina Yanina,
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