Spot gold accelerated lower, losing 1.9% in Asian and European trading on Monday, after directionless movements last Friday and Thursday. Fresh weakness hit 2 ½ month low on break of supports at $1876/73 (100DMA / 50% retracement of $1676/$2070 upleg). April’s marginal close below $1900 level generated negative signal, adding to negative structure, as the […]
The post XAU/USD Outlook: Gold Falls Further on Robust Sollar appeared first on Action Forex.
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