GOLD Gold price (XAU/USD) struggles to defend the previous day's corrective bounce from key short-term support line, bid slightly around 1.980$ level early Wednesday. In doing so, the precious metal awaits more clues to cheer the latest pause in the US Dollar's rally to multi-day highs as Federal Open Market Committee Meeting Minutes (FOMC) appears.
I expect a strong bounce, before the news of the US debt ceiling, will return to the region around 2015-2020. Will be back soon. Then we will celebrate together
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.