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Gold market assessment on March 1, 2023 – March 01 , 2023

The XAU/USD pair is entering a bullish corrective phase, with chances of more sustainable gains depending on a break above $1,841.04, the 23.6% retracement of the $1,959.75/$1,804.70 decline. The next Fibonacci resistance comes at $1,863.70, the 38.2% retracement of the aforementioned slump. Still, the daily chart shows that the 20 Simple Moving Average (SMA)…

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