XAU/USD Consolidated Near Monthly PP

<p>On Wednesday, the XAU/USD exchange rate consolidated near the monthly PP at 1,607.96. During today’s morning, the rate maintained its consolidation. It is likely that yellow metal could gain support from the 55-hour moving average near 1,615.00. Thus, some upside potential could prevail in the market, and the rate could face the resistance level—the monthly […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/282895-xau-usd-consolidated-near-monthly-pp/">XAU/USD Consolidated Near Monthly PP</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>