HomeContributorsTechnical AnalysisXAU/USD Surges To Dominant Pattern At 1,326.22

XAU/USD Surges To Dominant Pattern At 1,326.22

During Friday’s trading session, the yellow metal has been appreciating against the US Dollar to end the trading day at 1,321.12. On Monday morning, the gold was located at the 1,323.56 mark.

In regards to the near-term future, most likely, the yellow metal will continue appreciating against the US Dollar to break the dominant pattern line at 1,326.22.

On the other hand, the dominant pattern line could resist the rate to trade at the 1,310.00 level.

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Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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