Gold Price Forecast: XAU/USD recovers firmly as Chinese marshals restrict unrest, US GDP in focus – by Sagar_Dua24 Gold XAUUSD Fed Inflation GDP
tical support of $1,740.00 has marked a recovery in Gold price. The risk aversion theme is losing its grip, therefore,S&P500 futures have displayed a recovery after a sell-off on Monday, indicating a recovery in investors’Chinese marshals have stopped the general public from coming to roads to weaken protests against the rollback of Covid-19 lockdown measures by the administration. Although, the process is temporary as individuals are filled with frustration and anger.
The precious metal has overstepped the 20-period Exponential Moving Average at $1,746.00, which indicates that the short-term trend has turned positive again. Meanwhile, the Relative Strength Index has shifted into the 40.00-60.00 range, which signals a consolidation ahead.
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