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Gold $XAU Technical Analysis and Price Forecast.
#XAUUSD plunge below $4,450 yesterday and found buying volume, at the start of the Tuesday GOLD start surging. At the time of writing this GOLD is trading near $4,505, and it might keep the pump continue towards $4,573.
The Relative Strength Index of GOLD #XAUUSD us at 43 lower than the level of neutral aiming slightly upward indicating that the price can go up on short term. Moving Average Convergence Divergence MACD is near to make a bullish crossover indicating that the bearish momentum is getting weaker.
However a day close below $4,480 will result in price breakdown towards $4,380.