XAU/USD: Gold Consolidating After Failure at $2000 Barrier

<p><img width="612" height="459" src="https://www.actionforex.com/wp-content/uploads/2020/04/f-gold73.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2020/04/f-gold73.jpg 612w, https://www.actionforex.com/wp-content/uploads/2020/04/f-gold73-600×450.jpg 600w, https://www.actionforex.com/wp-content/uploads/2020/04/f-gold73-80×60.jpg 80w, https://www.actionforex.com/wp-content/uploads/2020/04/f-gold73-265×198.jpg 265w, https://www.actionforex.com/wp-content/uploads/2020/04/f-gold73-560×420.jpg 560w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Gold remains at the back foot for the third consecutive day, following another failure to sustain gains above psychological $2000 level. Yellow metal ‘s price hit new multi-month high at $2009 last Friday, but subsequent return below $2000 points to persisting headwinds at this zone. Gold rallied strongly in October (up 7.3%) driven by strong […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/525564-xau-usd-gold-consolidating-after-failure-at-2000-barrier/">XAU/USD: Gold Consolidating After Failure at $2000 Barrier</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>