XAU/USD Raised Above 1,850.00 

<p>Yesterday, the XAU/USD exchange rate raised to the 1,845.00 level. During Wednesday morning, the rate tested the monthly R2 at 1,861.52. Note that yellow metal trades far above the 55-, 100– and 200-hour moving averages. Thus, it is likely that the rate is the overbought area, and some downside potential could prevail in the market. [&#8230;]</p>
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