Gold Price Tops Near Major Resistance After Fed Speech

<div><img width="717" height="482" src="https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27.png" class="type:primaryImage wp-post-image" alt="Gold price analysis" decoding="async" style="margin-bottom: 15px;" fetchpriority="high" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27.png 717w, https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27-300×202.png 300w, https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27-150×101.png 150w" sizes="(max-width: 717px) 100vw, 717px" /></div>
<p>XAU/USD is strongly bullish after failing to retest the uptrend line. A new lower low activates a corrective phase.  The Canadian retail sales could move the rate today. The gold price posts a fresh multi-month top around $1,985. The precious is trading at $1,984 at the time of writing. The bias is bullish, but the…</p>
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