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Gold Spot / U.S. Dollar

Fed Rate Cut Keeps Gold Strong at $2680 on Soft Labor Data

By FxNews-me
Updated
FxNews—The downtrend will likely be triggered if XAU/USD closes below the support with a full-body bearish candlestick.

Conversely, A close above the resistance invalidated the bearish trend.

Resistance: $2,710
Support: $2,670
Trade closed: target reached
Chart PatternsGoldgoldforecastgoldsignalgoldsignalsgoldtradingstrategyTechnical IndicatorsTrend AnalysisXAUUSDxauusdanalysisxauusdforecastxauusdsignal
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