Gold rebounds after a sharp selloff, testing key resistance levels as traders watch moving averages and trend channels to determine whether recovery can extend or fade. Gold bounced into resistance near the 100-day moving average during Wednesday’s session, hitting a three-day high of $4,603. A close above Tuesday’s high of $4,536 would confirm the bullish reversal. Gold is bouncing following a sharp four-day decline of 18.3%, which ended with a low of $4,099 on Monday. The possibility of a counter-trend rally in response to the sharp selloff may have begun today, potentially marking the start of a recovery phase ... (full story)