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XAU/USD. Analysis and Forecast
At the start of the new
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At the start of the new week, gold continues to show a modest intraday rise, although it is not displaying strong confidence, remaining within its weekly trading range. From a technical standpoint, the 200-hour Exponential Moving Average (EMA) has been providing support for the precious metal since the beginning of this month. At the moment, the 200-hour EMA is located near $4190 and should become a key reference point for short-term traders. A decisive break below this level would trigger
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Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
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