XAU/USD Gold set to move higher on a 50-bps cut, bulls eye a break of $2,590

Relatively upbeat US retail sales triggered some profit-taking on XAU/USD, and the precious metal fell, finding support at $2,560. The next line to watch is $2,531. Resistance is at $2,573, followed by $2,590, then $2,597 and $2,601. What will the…





