Tuesday, 23 April 2024

XAU/USD: Gold Falls 2% on Fading Safe Haven Demand

by BD Banks

XAU/USD: Gold Falls 2% on Fading Safe Haven Demand

Gold price fell around 2% on Monday as safe haven demand faded on calmer tones from the Middle East, which ease fears for conflict escalation. Traders partially collected profits after gold repeatedly failed to sustain gains above psychological $2400 level and bull-trap pattern is forming on daily chart. Fresh bears pressure the first pivots at […]

The post XAU/USD: Gold Falls 2% on Fading Safe Haven Demand appeared first on Action Forex.

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