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XAUUSD GOLD Forecast : Time to buy?



This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit

XAUUSD Gold Forecast And Technical Analysis Week 20-24 Nov

Gold rallied to its highest close in more than a month, up 1.4% for the day and 1.8% for the week to $1,296.50 getting a boost from a higher dollar amid uncertainty over progress in U.S. tax reform legislation.

They're pricing out Trump's tax reform once again as a result of those two proposals in Congress that are quite far apart from each other and the equity market rally is possibly becoming a little exhausted for now, and that should be supportive of gold in the short term.

U.S. stock indexes have moved to lower levels on Friday, which is benefitting the safe-haven gold market. Pre-placed buy stop orders have also been triggered in the futures market when prices moved above near-term technical resistance levels.

XAUUSD Gold Forecast and Technicals:

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This article was written by Emre Tutucu for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit

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