fxstreet.com 27 Jan, 2021 07:15 am

XAU/USD looks south ahead of the Fed decision

Gold lacks clear directional bias despite an improved risk appetite and weakness in the US dollar. The yellow metal's daily chart shows key averages a

Gold Price Analysis: XAU/USD in stasis, impending death cross may be a bear trap Gold lacks clear directional bias despite an improved risk appetite and weakness in the US dollar.Gold Price Forecast: XAU/USD looks south ahead of the Fed decision Gold (XAU/USD) wavered in a $10 range around $1855 on Tuesday, settling in the red amid a broadly firmer US dollar.Additional bearish pressure likely emerged from the International Monetary Fund's upward revision of the 2021 global growth forecasts.The International Monetary Fund's (IMF) upward revision of the 2021 global growth forecasts further exerted bearish pressures on gold.

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