The precious metal attempted to make some modest gains during the European trading session. But by the US session, the precious metal gave back the gains. With thin trading, gold prices were somewhat limited in their range. The US markets open today but it is a short trading day for the US ahead of the weekend.
XAU/USD Trending Weaker
XAU/USD has been somewhat subdued but the bias remains to the downside. With price action within the range of 1462 and 1445 levels, the sideways range could remain in play. The bias can shift to the upside on a break out above 1462. However, the Stochastics oscillator is indicating to continued bearish momentum.
