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Gold (XAU/USD) Price Forecast: Bearish Engulfing Shows Sellers in Charge
Gold’s Thursday session highlighted a sharp momentum shift, as the metal’s attempt at a three-day bullish reversal ended abruptly. After rallying early in the session to a three-day high of $3,375, sellers stepped in decisively, driving prices back toward the day’s low at $3,330. The bearish engulfing candlestick formed on the daily chart reflects a total rejection of higher levels, leaving sentiment skewed toward further weakness. At the time of this writing, gold remains near session lows and is set to close in the lower quarter of the day’s trading range – an additional sign of selling pressure. A daily ... (full story)
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- Aug 14, 2025 9:40pm Posted byTechnical Analysis414
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