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XAU/USD Price Analysis and Forecast: Gold Needs to Break Above the $4,055 Level for Further Growth
On Friday, gold (XAU/USD) is struggling
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On Friday, gold (XAU/USD) is struggling to extend its intraday rebound from the $3,960 level and remains capped below the $4,055 level. At the same time, the pair is on track for its fourth straight weekly decline.From a technical perspective, repeated failed recovery attempts near the 100-period Simple Moving Average (SMA) on the 4-hour chart, along with the drop below the $4,000 level, continue to favor sellers and confirm a short-term bearish scenario.However, at present, the MACD indicator is showing
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Irina Yanina,
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