Gold is rebounding strongly on the H1 chart after bouncing from the 4,450 USD area back toward 4,560 USD.
The recovery comes as the market entered oversold territory, triggering short covering and dip-buying activity in the short term.
Price is now trying to reclaim EMA34, but EMA89 continues sloping downward, suggesting the broader bearish structure is still active. For now, this looks more like a technical rebound than a confirmed trend reversal.
Safe-haven demand linked to geopolitical concerns is helping support gold, while buyers are also stepping in after the recent sharp decline.
However, strong USD performance and elevated US Treasury yields continue limiting upside momentum for gold.
The recovery comes as the market entered oversold territory, triggering short covering and dip-buying activity in the short term.
Price is now trying to reclaim EMA34, but EMA89 continues sloping downward, suggesting the broader bearish structure is still active. For now, this looks more like a technical rebound than a confirmed trend reversal.
Safe-haven demand linked to geopolitical concerns is helping support gold, while buyers are also stepping in after the recent sharp decline.
However, strong USD performance and elevated US Treasury yields continue limiting upside momentum for gold.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.