The precious metal closed flat on Friday. Overall, price action remains subdued. This comes despite the USD turning weaker over the past few sessions. It has been a largely quiet week for the most part. The major news-making headlines were on the back burner. As a result, investor sentiment stayed mixed.
XAU/USD Enters Consolidation
The precious metal is consolidating with the trend lines. This potentially indicates a breakout that is likely to happen. The bias remained mixed at the moment as there scope for a breakout in either direction.
To the downside, the lower support at 1445 will be the initial target. To the upside, the main trend line will have to be breached to aim for gains
