XAU/USD Squeezed By 55- And 200- Hour SMAS

<p>On Wednesday, the XAU/USD exchange rate reversed north from the 1,700.00 level. During today’s morning, the rate pierced the 100-hour SMA near 1,721.00. It is likely that yellow metal could gain support from the 55-hour SMA near 1,715.00 and extend gains against the US Dollar. In this case the rate would have to exceed the […]</p>
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