Gold retreated on Thursday as bullish momentum faded, with XAU/USD easing toward the $4,200 level. The precious metal faced stiff resistance near $4,250, causing its earlier gains to unravel. This pullback reflects a struggle for direction as traders weigh broader market factors influencing the dollar-denominated asset.
The failure to hold above key technical levels suggests a potential consolidation phase for the trading pair. Market participants are closely monitoring the exchange rate for signs of a renewed push higher or a deeper correction. The USD's performance remains a critical driver for gold's near-term trajectory as it trades against the US dollar.
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Data Source: GrowingPool Analysis Team Updated: 2025-11-13 16:53
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.