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Gold: Support at 50-Day EMA Holds Ahead of Powell
Gold markets drifted a little bit lower during the trading session on Thursday, but we have seen enough support near the 50 Day EMA to turn things around and show signs of life. By doing so, the market looks as if it is trying to reassert its uptrend, but we have quite a few things out there that are working back and forth against the gold market. Friday will be very cautious trading until we get the speech from Jerome Powell, then I expect to see a lot of noisy behavior. Quite frankly, traders are doing everything they can to try to sort out what happens next with the Federal Reserve, and if Jerome Powell sounds ... (full story)
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- Aug 22, 2025 4:51am Posted byTechnical Analysis246
