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Gold Price Outlook: Dead Cat Bounce Risk as Bearish Signals Build
Gold prices are attempting to stabilise after a sharp selloff, but the recovery lacks conviction. While a bullish hammer on the weekly chart hinted at support, follow-through has been weak and price action on the daily timeframe points to a potential dead cat bounce. At the same time, options markets continue to lean bearish, with traders favouring downside protection despite the recent rebound. With oil prices elevated, geopolitical uncertainty lingering and the US dollar holding firm near highs, the macro backdrop is hardly supportive for a sustained rally. Unless a clear risk-on catalyst emerges, gold’s upside ... (full story)