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The precious metal gold prices continue to trade sideways due to a lack of fundamentals today on Monday. The XAU/USD price may find support at 1,955 level that marks a 38.2% Fibonacci support level. Let’s check out the gold price forecast video analysis to learn more.
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Gold Pressured by Hawkish Bets, Strong Dollar Gains Key Moments
Gold (XAU/USD) extends losses after failing to break above its 100-day Simple Moving Average.
Meanwhile, rising US Treasury yields and geopolitical tensions support the US Dollar and weigh on bullion.
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