Gold (XAU/USD) struggles to overcome the day’s low of $1,884.58, down 0.26% intraday, heading into Monday’s European session. Gold traders fail to keep Friday’s recovery moves beyond the previous resistance line from early May as risk-off mood put a safe-haven bid under the US dollar, which in turn has a negative correlation with the gold prices.
Trade closed: stop reached
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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.