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Gold: Bounces at 50 Day EMA
Gold markets continue to see buyers on dips during the trading session on Wednesday as the 50 Day EMA has offered significant short-term support. If we can maintain this type of momentum, it’s likely that the gold market will eventually go looking at the highs again. The recent high at the $3500 area of course not only makes a nice target, but it is significant resistance and a large, round, psychologically significant figure.If we were to turn around and break down below the 50 Day EMA, then I think you have to start to focus on what it is people are starting to discount the Federal Reserve doing. Jerome Powell ... (full story)
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- Aug 21, 2025 4:45am Posted byTechnical Analysis228
