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Back Technical analysis
XAU/USD: Price Analysis and Forecast — Gold Lacks Momentum, Upward Potential Is Limited
From a technical perspective, on the
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From a technical perspective, on the daily chart, the XAU/USD pair is holding above the 100-day simple moving average (SMA), which is located at $4,685, and well above the 200-day SMA, which lies around $4,175. At the same time, it remains below the 50-day SMA, located near $4,895. This positioning keeps the overall trend neutral with a slight downward bias, as the price consolidates between these major levels.Momentum indicators suggest a lack of clear direction: the Relative Strength Index is
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Irina Yanina,
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