fxstreet.com 08 Feb, 2021 15:00 am

XAU/USD extends daily rally, near-term resistance aligns at $1,835

XAU/USD extends daily rally, near-term resistance aligns at $1,835
The XAU/USD pair started the new week with a small bullish gap but stayed relatively quiet during the Asian trading hours. However, the pair regained

Ascending trend line on one-hour chart acts as dynamic support.Gold technical outlook On the one-hour chart, the gold price seems to be following an ascending trend line since the sharp drop witnessed last Thursday.Gold one-hour chart Information on these pages contains forward-looking statements that involve risks and uncertainties.Nevertheless, unless the trend line, currently located around $1,815, is violated, buyers are likely to remain in control of the price action.

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