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The path of least resistance appears to the upside for XAU/USD.
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[QUOTE="Somrat4030, post: 168131, member: 43126"] 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? [/QUOTE]
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The path of least resistance appears to the upside for XAU/USD.
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