Gold Outlook: XAU/USD Price Action Probes Big Support Zone
Summary
By sueyangfx.com September 02, 2020 at 10:13PM Gold edged lower during Wednesday’s trading session as the US Dollar climbed and weighed negatively on XAU/USD price action, but the precious metal looks supported by a major technical level.
More On DailyFX - Market News
- US Dollar Price Action: Hawkish Powell and Potential Month-End USD Buying
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- Gold Price Crumbles After Hawkish Fed Boosted US Dollar. Where to for XAU/USD?
- Supportive USD Fundamentals and DXY Setup Ahead of FOMC
September 02, 2020 at 10:13PM
Gold edged lower during Wednesday’s trading session as the US Dollar climbed and weighed negatively on XAU/USD price action, but the precious metal looks supported by a major technical level.