XAU/USD: Gold Regains Traction But More Evidence Needed to Signal Reversal

<p><img width="509" height="339" src="https://www.actionforex.com/wp-content/uploads/2018/04/f-gold23.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></p>
<p>Gold price edged higher on Thursday morning, after a four-day pullback from $2088 (Dec 28 high) found a footstep at $2030 (50% retracement of $1973/$2088 upleg). This points to initial signal of a healthy correction of larger uptrend, as technical studies on daily chart remain in predominantly bullish configuration and the metal continues to benefit […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/533891-xau-usd-gold-regains-traction-but-more-evidence-needed-to-signal-reversal/">XAU/USD: Gold Regains Traction But More Evidence Needed to Signal Reversal</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>