Chat with us, powered by LiveChatGold Rebounds on Dollar Weakness and Geopolitical Tensions

Gold Rebounds on Dollar Weakness and Geopolitical Tensions

Gold Rebounds on Dollar Weakness and Geopolitical Tensions

Gold Rebounds on Dollar Weakness and Geopolitical Tensions

Gold is rebounding after encountering resistance at the 50-day moving average (MA), which initially restrained its advance before reaching 2038. The dollar's weakness, coupled with geopolitical tensions in the Middle East, has supported gold's recovery.

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

2077

2055-60

2038

2006

1975

1965

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