XAU/USD Trades Near 1,860.00

During Wednesday morning hours, the XAU/USD exchange rate broke the upper boundary of the short-term descending channel. It is likely that yellow metal could bounce off the resistance level—the Fibo 23.60% at 1,860.59 and depreciate against the US Dollar in the short term. The rate could target the 1,820.00 area. Meanwhile, note that the exchange […]
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