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Weekly Swing Chart

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FORECASTS1 DAY AGO
Gold Holds Above Major Support as XAU/USD Downtrend Keeps Pressure on Bulls
Spot Gold is edging lower while holding above a major retracement support zone, leaving traders focused on whether XAU/USD can form a secondary higher bottom. Technical resistance remains heavy below the 52-week moving average, while elevated oil prices keep inflation and December Fed risk on the market’s radar.