Gold rose to ten-day high on Friday and almost fully retraced last week’s 2.7% drop, driven by growing demand on hopes that the Fed’s tightening cycle is close to its end. Fresh extension on Friday cracked Fibo barrier at $1991 (76.4% of $2009/$1931), confirming bullish signal generated on close above 20DMA ($1974) and signaling that […]
The post XAU/USD: Gold Extends Recovery Towards $2000 Barrier appeared first on Action Forex.