Gold Price Analysis: XAU/USD risks falling to $1,765 as Fed fear grows– Confluence Detector

Will the Federal Reserve announce it will taper down its bond purchases in its next meeting? Gold bulls dread the moment in which the world’s most powerful central bank begins printing fewer dollars.

The TC is a tool to locate and point out those price levels where there is a congestion of indicators, moving averages, Fibonacci levels, Pivot Points, etc.

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USD’s pullback, covid concerns keep gold price buoyed ahead of Fed minutes.

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