XAU/USD Could Consolidate

<p>Yesterday, the XAU/USD exchange rate traded sideways in the 1,720.00 area. During Friday morning, the rate was testing the 200-hour SMA near 1,730.00. If the given moving average holds, it is likely that a reversal south could occur in the nearest future. Note that the rate could gain support from the 55-hour SMA near 1,715.00. […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/299187-xau-usd-could-consolidate/">XAU/USD Could Consolidate</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>