Gold (XAU/USD): Overstretched Uptrend, Risk of Minor Pull-back Below $4,012
Key takeaways Gold (XAU/USD) surged 8.5% since late September, breaking above US$4,000 to hit a new all-time high of US$4,059. The rally is driven by demand for inflation hedges and fears of fiat currency debasement amid fiscal concerns. Technical indicators show an overstretched uptrend, raising the risk of a short-term pullback below US$4,012. The medium-term […]The post Gold (XAU/USD): Overstretched Uptrend, Risk of Minor Pull-back Below $4,012 appeared first on Action Forex.
Key takeaways Gold (XAU/USD) surged 8.5% since late September, breaking above US$4,000 to hit a new all-time high of US$4,059. The rally is driven by demand for inflation hedges and fears of fiat currency debasement amid fiscal concerns. Technical indicators show an overstretched uptrend, raising the risk of a short-term pullback below US$4,012. The medium-term […]The post Gold (XAU/USD): Overstretched Uptrend, Risk of Minor Pull-back Below $4,012 appeared first on Action Forex.