XAU/USD Pressured By Moving Averages

<p>On Friday, the XAU/USD exchange rate tried to surpass the resistance formed by the 55– and 100-hour SMAs near 1,737.00. During today’s morning, the rate pierced the lower line of the rising wedge pattern. Note that yellow metal is also pressured by the 200-hour SMA near 1,733.00. Thus, it is likely that a breakout south […]</p>
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