Gold (XAU/USD) has breached $5000/oz, challenging the consensus that its recent rally was a “dead cat bounce.” While the long-term trend is bullish, the short-term view is neutral-to-bearish, with a key upside breakout level at 5046. A barrage of US data and geopolitical risk ahead this week could be a key driver for Gold prices. […]
The post Gold (XAU/USD) Breaches $5000/oz: Has Bullish Trajectory Resumed? appeared first on ActionForex.
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