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 |