Gold Price Analysis: XAU/USD needs to crack $1784 resistance to revive the upside – Confluence …

Markets are turning risk-averse as the Fed begins its two-day monetary policy meeting later today while surging covid cases in emerging economies also underpin the safe-haven US dollar.

The TCD 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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Following its bounce off an ascending support line from March 31, gold remains lackluster around $1,780 amid Tuesday’s Asian session.

Since its early days, crypto markets have gone through various speculative cycles.

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