Gold (XAU/USD) Price Bounces 1.5% From Three-Week Lows. Will Bulls Reclaim The $4000/oz Handle?🚨
Gold prices saw a sharp decline in early trade today breaching the $3900/oz handle and touching a three-week low. The selloff this week is down to a host of factors but the main one being increasing hopes of a US-China trade deal which has led to a risk-on environment.There is also potential profit taking, a slightly stronger US Dollar and the upcoming Federal Reserve meeting which could all be contributing towards Gold's recent pullback.The precious metal has risen around 1.5% since the European session lows to trade around the $3960/oz handle at the time of writing. The question now is, can bulls breach the $4000/oz handle once more?
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https://m.fastbull.com/institution-article/gold-xauusd-price-bounces-15-from-threeweek-lows-4351701_0
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