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Gold recovers from Monday’s losses as the Dollar Index faces resistance at 100.00 level
Gold is showing signs of stabilization after the aggressive selloff that pushed prices from $4,541 down to a low of 4,268. Following the decline, the precious metal has entered a consolidation phase and is gradually building a recovery structure. Price is currently trading above the 5-period, 10-period, and 20-period moving averages, indicating that short-term momentum has shifted in favor of buyers. A breakout above this region would strengthen the bullish case and potentially trigger a move toward $4,485. On the downside, support is located at $4,320, followed by $4,268. Overall, the short-term outlook has improved ... (full story)
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- Jun 9, 7:11am | 3 hr ago Posted byTechnical Analysis65
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