XAU/USD Analysis: Surges To Medium Pattern Lne

Technical analysis of Forex market

During Thursday’s trading session, the rate was supported by the 200-hour simple moving average to end the trading day at 1,305.00. On Friday morning, the yellow metal was located at the 1,311.76 mark.

It is expected that gold might appreciate against the US Dollar to surge to the upper boundary of the descending medium pattern line at 1,315.50.

Besides, the simple moving averages will support the surge during the day!

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