Gold Price Prediction – Gold Markets Reverse Early Advances
During Tuesday’s trading session, gold markets originally rose but have since retraced their gains as it appears we have finally encountered strong resistance.
During Tuesday’s trading session, gold markets originally rose but have since retraced their gains as it appears we have finally encountered strong resistance.
Gold continues to hover around the 200-day exponential moving average, attempting to discern if the trend will change.
As the US dollar loses some ground before the session’s end, gold holds steady. Following the Fed, US rates are under pressure, and gold bulls are once again active.