Gold price (XAU/USD) struggles to capitalize on its weekly gains registered over the past two days and oscillates in a narrow trading band during the Asian session on Wednesday. The US Dollar (USD) ticks higher and recovers a part of the previous day’s slump to its lowest level since September 1.

Sentiment is: Positive

Technical Analysis

XAU/USD is moving towards a key resistance level at 1971.0300. XAU/USD has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

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