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XAU/USD’s recovery might extend to the $5,000 area
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XAU/USD’s recovery might extend to the $5,000 area
on Gold edges higher beyond $4,500 with technical indicators turning bullish. The US Dollar Index remains firm but is nearing a key resistance area. Above the Fibonacci retracement at $4,610, bulls might target the key $5,000 area. Gold (XAU/USD) reversal from early March highs at $5,420 seems to have found support at $4,100 last week, and the pair has been showing a moderate positive tone over the last few days. The US Dollar Index maintains a…
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