XAU/USD: Gold Remains Constructive Though Still Looking for Clearer Direction Signal

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2022/03/f-gold105.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2022/03/f-gold105.jpg 612w, https://www.actionforex.com/wp-content/uploads/2022/03/f-gold105-600×400.jpg 600w, https://www.actionforex.com/wp-content/uploads/2022/03/f-gold105-150×100.jpg 150w, https://www.actionforex.com/wp-content/uploads/2022/03/f-gold105-300×200.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Gold regained traction on Thursday after three-day recovery was strongly rejected on Wednesday, remaining biased higher, although still capped under pivotal barriers at $1970/73 (50% retracement of $2009/$1931/20DMA). Wednesday’s bearish candle with long upper shadow warns about recovery stall and the downside will remain vulnerable (on threats of bull-trap) as long as $1970/73 resistances cap, [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/527713-xau-usd-gold-remains-constructive-though-still-looking-for-clearer-direction-signal/">XAU/USD: Gold Remains Constructive Though Still Looking for Clearer Direction Signal</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>