Key takeaways Rebound losing momentum: Gold staged a sharp 15.7% bounce from the $4,405 low but is now showing signs of bullish exhaustion below the key $5,170 resistance, with price action stalling above the 20-day moving average at $4,940. Supportive macro correlations fading: The usual inverse relationship with the US dollar has weakened, and the […]
The post Chart Alert: Gold Rally Faces Risk of Exhaustion Below $5,170 appeared first on ActionForex.
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