XAU/USD: Gold Holding Within a Narrow Consolidation and Looking for Direction Signal

<p>Gold price remains within a narrow consolidation for the third day, despite signals of pullback after the action was repeatedly rejected at pivotal Fibo barrier at $1964 (38.2% retracement of $2080/$1892). Near-term action continues to hold above 100DMA ($1954) which so far offsets the risk of stalling and subsequent weakness. Conflicting fundamentals (demand concerns over […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/510254-xau-usd-gold-holding-within-a-narrow-consolidation-and-looking-for-direction-signal/">XAU/USD: Gold Holding Within a Narrow Consolidation and Looking for Direction Signal</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>