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XAU/USD could see a profit-taking pullback ahead of US PMIs, Powell
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XAU/USD could see a profit-taking pullback ahead of US PMIs, Powell
Gold retreats after hitting lifetime highs above $3,750 early Tuesday. US Dollar consolidates the downside ahead of Fed Chair Powell’s appearance. Gold’s record rally remains unabated but overbought RSI conditions on the daily chart could caution buyers. Gold is taking a breather early Tuesday after having extended the previous upsurge to renew record highs above the $3,750 psychological level. Gold: All eyes on Powell and geopolitics Gold trade…
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