According to the daily chart for XAU/USD, it is currently trading in between a bearish 34 Simple Moving Average EMA at around 2,002.40 and a bullish EMA89 at 1,931.60. The technical indicators suggest that the risk is tilted towards the downside, with the Momentum indicator showing a bearish slope and the Relative Strength Index (RSI) consolidating around 44. As a result, there is a high likelihood of sellers adding to their positions near the $2,000 region.
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