Gold (XAUUSD) Price Forecast: Traders Eye 50-Day MA for Gold Rally Price Prediction

Last Week’s Data Is Still Being DigestedAll of this new information is on top of last week’s US consumer price data, which increased less than expected in January, and a jobs report that came in higher than expected. Taking both reports into consideration alongside the weakness in gold, it looks as if traders believe the reports gave the Fed additional leeway for policy easing this year.What Gold Traders Want to Hear From the MinutesAs far as the minutes are concerned, gold traders will be looking for evide ...