Gold Value Outlook Bearish: XAU/USD About to Faint?

Gold Costs, XAU/USD, Iran Rigidity – TALKING POINTS

• XAU/USD about to face promoting strain, bearish correction?
• Gold prices trying to retest resistance-now-turned assist?
• Cooling Iranian tensions sapping demand for anti-fiat hedges

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Jan 13

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Gold costs have risen nearly six p.c following the breakout above the September descending resistance channel. XAU/USD’s robust ascent was supported by quite a few components, together with the weakest US ISM manufacturing information since 2009 on January 3. This led to a spike in gold costs which then went on to expertise their largest one-day bounce since August.

December Minus January Federal Funds Futures Contract, Gold Costs – Every day Chart

XAU/USD chart created utilizing TradingView

The yellow…