Bears are taking a breather after two-week pullback (down 6.5%) from new record high found footstep at $2540 zone (contained by rising 100DMA). Gold price bounced from new two-month low on Monday after pullback faced strong headwinds from Fibo 50% of $2293/$2790 upleg and nearby daily Ichimoku cloud base, boosted by a pause in dollar’s […]

The post XAU/USD Outlook: Gold Price Bounces from Two-Month Low appeared first on Action Forex.