Gold Price News and Forecast: XAU/USD corrrects to the 50% mean reversion target

FXStreet Team FXStreet

Gold Price Analysis: XAU/USD corrrects to the 50% mean reversion target

Gold prices have corrected a significant portion of the latest bearish impulse. Failures at this resistance could lead to a fresh downside impulse. As per the prior analysis for the open on Monday, The Chart of the Week: Gold correcting towards critical resistance from fresh bear cycle lows, the price has corrected to the 50% mean reversion point of the latest bearish impulse.

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