Gold XAUUSD Chart Technical Outlook Gold Price Momentum Upheld Amid Positive Economic Indicators from China
GOLD (XAU/USD) has been exhibiting an upward trend for the third successive day in the early hours of Monday’s Asian trading session. The rally is in part fueled by China’s recent economic stimulus and its robust economic data from last week, suggesting that the economic slowdown of the globe’s second-largest economy may have reached its zenith. This has been advantageous for the precious metal, which is currently priced at around $1,924, marking a 0.02% increment for the day.
