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Gold price edged higher on Thursday morning, after a four-day pullback from $2088 (Dec 28 high) found a footstep at $2030 (50% retracement of $1973/$2088 upleg). This points to initial signal of a healthy correction of larger uptrend, as technical studies on daily chart remain in predominantly bullish configuration and the metal continues to benefit […]

The post XAU/USD: Gold Regains Traction But More Evidence Needed to Signal Reversal appeared first on Action Forex.

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