XAU/USD: Gold Price Establishes Above $2000, Lifted by Weaker Dollar

<p><img width="612" height="389" src="https://www.actionforex.com/wp-content/uploads/2022/03/f-gold106.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/uploads/2022/03/f-gold106.jpg 612w, https://www.actionforex.com/wp-content/uploads/2022/03/f-gold106-600×381.jpg 600w, https://www.actionforex.com/wp-content/uploads/2022/03/f-gold106-150×95.jpg 150w, https://www.actionforex.com/wp-content/uploads/2022/03/f-gold106-300×191.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Gold extended recovery on Thursday, following 2.4% rally on Wednesday (the biggest one-day gains since Oct 13), sparked by dovish Fed. Strong bounce is forming reversal pattern on daily chart and generates initial signal of an end of corrective phase from new all-time high ($2141). Fresh bulls returned above $2000 and dented pivotal barrier at [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/531755-xau-usd-gold-price-establishes-above-2000-lifted-by-weaker-dollar/">XAU/USD: Gold Price Establishes Above $2000, Lifted by Weaker Dollar</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>