Gold Outlook: Bears Likely to Consolidate Before Fresh Attack at Psychological $2000 Support

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<p>Gold price edged higher from five-week low after 2.4% drop in past two days found firm ground just above psychological $2000 level, now acting as solid support. Yellow metal was deflated by hawkish comments from the US policymakers and recent upbeat economic data, which partially sidelined expectations for early rate cuts this year. Technical picture […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/535908-gold-outlook-bears-likely-to-consolidate-before-fresh-attack-at-psychological-2000-support/">Gold Outlook: Bears Likely to Consolidate Before Fresh Attack at Psychological $2000 Support</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>