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Gold Technical Analysis: XAU/USD still within bearish trend channel

by Joel Frank
17 March 2021
in Commodities
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Gold has been gradually slipping over the past few months, with prices locked within a bearish trend channel. However, with prices having recently bounced at the bottom of the trend channel, some short-term upside is possible, although short-term resistance ahead of the $1760s could spoil the party. In terms of fundamentals, today’s FOMC meeting will be a big driver of price action.

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