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Gold Price Forecast: XAU/USD remains exposed to downside risks below $1,994
Gold stays under bearish pressure at the beginning of the week and trades deep in negative territory below $1,980. As FXStreet’s Dhwanie Mehta notes, XAU/USD appears vulnerable below $1,994 confluence resistance. Risk trends will continue to lead the way “Should risk aversion intensify in the upcomi
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Gold Price Forecast: XAU/USD corrects from multi-month high, downside seems limited
Gold witnessed some profit-taking on Friday amid signs of stability in the financial markets. Hopes for diplomacy in Ukraine underpinned the risk sentiment and weighed on the metal. The set-up still favours bulls and support prospects for the emergence of some dip-buying. Gold struggled to find acce
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