XAU/USD: Gold Dips on Stronger Dollar But Key Supports Still Hold

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Gold price fell to one-week low on Monday after bulls repeatedly failed on approach to pivotal barrier at $3349 (50% retracement of $3452/$3246 bear-leg / daily Kijun-sen), with stronger dollar on risk aversion adding pressure on metal’s price. Fresh weakness cracked psychological $3300 level, but bears were unable to clearly break lower, that keeps key […]The post XAU/USD: Gold Dips on Stronger Dollar But Key Supports Still Hold appeared first on Action Forex.