Gold recovery stalls below 4,400

Gold recovery loses steam below 4,400. Neutral RSI/MACD show consolidation. Holding above 4,318 keeps 4,500 target alive; break below 4,255 signals downside risk.
XM Group | 43 hari yang lalu

Overview: Gold’s recovery from near six-week lows near 4,255 is losing steam after meeting resistance around 4,400, with prices consolidating near 4,350. Still, the broader recovery remains intact, with the 100-day SMA providing support near 4,318.

Momentum: Momentum remains subdued, with the RSI hovering around its neutral 50 mark and the MACD close to zero, reflecting the lack of clear direction.

Bullish scenario: A rebound near 4,318 could encourage another test of the 20-day SMA around 4,400. A break higher could expose 4,500, followed by the 200-day SMA near 4,541.

Risk: A decisive break below 4,255 could undermine the recovery.

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