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XAU/USD Retreats To $1,900: Can Gold Price Sustain Its Rally As Markets Doubt China
The breaking of the 3-day bullish channel is a disadvantage to gold buyers, with the price nearing $1,898 – close to January 09’s resistance line. This is likely beneficial for those selling gold. The MACD readings are bearish, and the RSI (14) is not yet oversold, which is why gold bears have not lost hope.
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