Gold Price Forecast: XAU/USD awaits Bull Flag confirmation and central banks’ verdicts

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Meanwhile, the RBA is likely to maintain the interest rate at 4.35% for the third straight meeting on Tuesday, unlikely to have a big market impact, similar to that of the BoJ policy announcements. However, any reaction to the BoJ and RBA policy announcements could prove temporary, as Gold traders will reposition themselves ahead of Wednesday’s critical US Federal Reserve policy decision and the so-called Dot Plot Chart.

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