XAUUSD Gold Forecast and Technical Analysis Nov 21st

Gold Prices fell on Monday as a slump in the euro amid rising political uncertainty in Germany pushed USD to a nearly one-week high dampening demand for Gold.

And U.S. Treasury yields rose on Monday as investors awaited minutes on Wednesday from the Fed’s last meeting, with no major economic releases due this week and trading expected to be subdued before the Thanksgiving holiday on Thursday.

However, during Asia session, we saw a retracement with U.S. President Donald Trump’s move to put North Korea back on a list of state sponsors of terrorism burnishing the metal’s safe-haven appeal.

Technical Analysis:

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