Gold price oscillates in a narrow band; softer US bond yields and USD lend support

Gold price (XAU/USD) ended in the green on Tuesday and snapped a two-day losing streak to over a one-week low

Sentiment is: Neutral

Technical Analysis

XAU/USD is moving towards a key support level at 2027.8300. This is a previously tested level for XAU/USD. This could be a good trading opportunity, either at the spot price, or after breaching this level.

Should we expect a breakout or a rebound on XAU/USD?

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