The precious metal was trading mixed on Tuesday. A lack of any major fundamentals over the day saw prices in check. Investors await for key central bank meetings later this week, which includes the Bank of Japan and the Bank of England.
XAU/USD Maintains Consolidation
XAU/USD continues to trade flat within the 1483 and 1462 levels. There is the potential that prices are forming a base currently. However, gold needs to break out from this range to ascertain its direction. The bias remains to the upside as long as the minor rising trend line holds.
