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Gold Futures Look Set To Bounce From 4000, Though Headwinds Remain
Gold futures are attempting to stabilise above the 4000 level after a sharp pullback, with early signs that a short-term rebound may be forming. Options markets show medium-term bullish positioning, yet short-dated skews remain negative — hinting that gains could be capped initially. Technicals on the weekly and daily charts point to a potential recovery phase, but multiple resistance layers suggest that bulls may still face challenges before any sustained move higher. Risk reversals track the balance between bullish call demand and bearish put demand, with a rising line signalling expectations of higher prices. ... (full story)