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XAU/USD – Price Analysis and Forecast: Gold Remains Under Pressure for the Third Consecutive Day
Gold (XAU/USD) continues to face pronounced
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Gold (XAU/USD) continues to face pronounced selling pressure ahead of the European session opening and is currently holding slightly above the two-month low recorded earlier on Thursday. At the same time, the metal remains vulnerable to further intraday declines below the psychological $4,400 level, which coincides with the technically significant 200-day simple moving average (SMA). An additional factor comes from the renewed escalation of tensions in the Middle East, which strengthens the US dollar's position as a safe-haven asset.At the
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