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Back Technical analysis
XAU/USD. Price Analysis and Forecast
On the 4-hour chart, gold remains
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On the 4-hour chart, gold remains just below the 200-period simple moving average (SMA), around the $4,817 level. Oscillators are positive, indicating a steady bullish bias, although the price has not yet overcome this structural barrier. Therefore, it would be prudent to wait for a sustained move and consolidation above the 200-period SMA before taking positions for further upside.On the other hand, the first support level is located at the round $4,800 mark. Additional demand is expected near the 200-period
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Irina Yanina,
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