XAU/USD: at local lows

Forex analytics: Current trendOn Monday, the price of gold managed to strengthen slightly and step away from 3-month lows hit on Friday, when strong labor market statistics were released in the US.After the USD rally, an upward correction is expected. However, the price of gold has been declining for more than a week already that suggests a growing appeal of the US currency.Support and resistanceBollinger ...