XAU/USD Squeezed By Moving Averages

<p>On Tuesday, the XAU/USD exchange rate tried to surpass the resistance formed by the 55– and 100-hour SMAs near 1,715.00. During today’s morning, the rate was testing the support formed by the 200-hour SMA and the monthly R1 at 1,705.00. If the given support holds, it is likely that gold could surpass the given resistance […]</p>
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