XAU/USD: Gold Stands at the Back Foot Ahead of Key Events

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2023/02/f-gold110.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2023/02/f-gold110.jpg 612w, https://www.actionforex.com/wp-content/uploads/2023/02/f-gold110-600×400.jpg 600w, https://www.actionforex.com/wp-content/uploads/2023/02/f-gold110-150×100.jpg 150w, https://www.actionforex.com/wp-content/uploads/2023/02/f-gold110-300×200.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Gold remains in red for the second consecutive day and fell below $2000 early Monday, pressured by firmer dollar on solid US labor data. Friday’s 1.2% drop generated fresh bearish signal on close below $2015 pivot (Fibo 38.2% of $1810/$2141), with extension lower adding to the strength of bearish continuation signal. Near-term technical picture is […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/531201-xau-usd-gold-stands-at-the-back-foot-ahead-of-key-events/">XAU/USD: Gold Stands at the Back Foot Ahead of Key Events</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>