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Gold stays on the corrective path, when will buyers emerge?

Gold stays on the corrective path, when will buyers emerge?
It has been quite a straightforward downside move in gold after the break of its 100-day moving average (red line) earlier this month. Price is now down 0.1% to $1,905 levels as sellers stay on the hunt of a push towards the $1,900 mark:The correction after approaching the 2020 and 2022 highs near $2,070-75 is still ongoing as the dollar also regains its poise in the past two months. If you need a reminder, gold was one of the main beneficiaries of the whole banking crisis this year (with the do... Read More
Posted: Jun 29 2023, 09:19
Author Name: forexlive
Views: 081093

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