Gold trades bearish at $4,127 — down sharply from yesterday’s $4,195 recovery high as a resurgent dollar and risk-on sentiment triggered by better-than-expected global PMI readings drained safe-haven demand. The metal has broken below the $4,135–$4,150 support cluster, with chart structure pointing toward a test of the $4,098–$4,100 zone if selling pressure extends through the New York session.
- $4700 back on Gold buyers’ radar as US core PCE inflation data looms
- Gold rallies as Iran sanctions stoke haven demand
- British Pound holds firm as US sanctions on Iran loom
- Gold’s glitter is here to stay as eyes turn to US inflation and Fed Chair Warsh
- Gold Weekly Forecast: Bulls dominate as US Treasury Department intervenes in bond market
Free Forex Signals 
Leave a comment