Gold Price Forms Bearish Flag, Sideways Before US PCE Data
The XAU/USD is bullish as long as it stays above the channel’s support. The US data should bring some volatility later today. The flag pattern is seen as a bearish formation. The gold price extended its growth as the USD depreciated versus its rivals in the short term. It’s trading at $1,979, below today’s high … Continued The post Gold Price Forms Bearish Flag, Sideways Before US PCE Data appeared first on Forex Crunch.
The XAU/USD is bullish as long as it stays above the channel’s support. The US data should bring some volatility later today. The flag pattern is seen as a bearish formation. The gold price extended its growth as the USD depreciated versus its rivals in the short term. It’s trading at $1,979, below today’s high … Continued
The post Gold Price Forms Bearish Flag, Sideways Before US PCE Data appeared first on Forex Crunch.
