Gold holds near two-month high after fading from $4,450 resistance
XAU/USD is consolidating just above $4,380 after meeting resistance near $4,450, posting only marginal losses on Thursday.
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Spot gold remains near its strongest levels in two months after Thursday’s session, even as upside momentum stalled near $4,450.
XAU/USD recorded a slight decline, but prices held just above the previous high zone around $4,380, keeping the metal’s near-term structure intact.
The pullback has so far been shallow, suggesting sellers have not taken control despite the rejection from the $4,450 area.
Source: FXStreet Forex News