XAU/USD Could Consolidate In 1,710.00 Area

<p>Yesterday, the XAU/USD exchange rate reversed north from the monthly S1 at 1,679.34. During Tuesday morning, the rate exceeded the 1,700.00 level. It is likely that yellow metal could gain support from the 55– and 100-hour SMAs in the 1,700.00 area and appreciate against the US Dollar in the short term. Meanwhile, note that the […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/301858-xau-usd-could-consolidate-in-1710-00-area/">XAU/USD Could Consolidate In 1,710.00 Area</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>