#XAUUSD @ 1,909.33 Gold Price Forecast: consolidation could be imminent in the short term – Standard Chartered
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Further upside in Gold? Economists at Standard Chartered believe that the yellow metal is likely to stabilize in the near term.
“We believe a consolidation could be imminent in the short term. We continue to see real yields as a headwind given the risk of a nominal rebound in US government bonds yields.”
“From a technical standpoint, a stretched RSI (reflecting overbought conditions) and narrowing investor diversity also point to a consolidation.”
See – Gold Price Forecast: XAU/USD continues to face correction risks – TDS
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