Trading Discussion The path of least resistance appears to the upside for XAU/USD.

Somrat4030

Member
Gold price is meandering in a narrow range below $1800 so far this Friday, awaiting the US economic releases for the next big move. As FXStreet’s Dhwani Mehta notes, XAU/USD still awaits a weekly closing above the critical 200-Daily Moving Average (DMA) at $1796 to see further upside.

Attention now turns towards the critical US consumer-centric data. The US Retail Sales are expected to drop 0.2% MoM in September while the core figure is seen lower at 0.5%.

What do you think about it?
 

Eodine

New member
Most times in the middle of the month like this the gold commodity is often on a bear mode given that majority of the investors are focusing on currency
 
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