Gold prices are experiencing a selloff driven by rising oil prices (fueling inflation concerns) and dampened sentiment regarding a potential US-Iran deal Technical analysis indicates an accelerating bearish momentum, with Gold breaking below both the 100-MA and 200-MA on the H4 chart The primary downside target for sellers is the $4601 support level, while a […]
The post Gold (XAU/USD) Selloff Deepens: Technical Breakdown and Rising Oil Prices Accelerates Bearish Momentum appeared first on ActionForex.
