Could Gold’s Selloff Run Out of Road Below 4,000?

Gold fell to 4,066.21 before recovering toward 4,120, and while the near-term bias stays bearish below 4,227.85–4,245.68, fading downside momentum, a stalling 10-year yield near 5.3%, and a rising Gold/Silver ratio suggest a break below 4,000 may struggle to extend much past the 3,937–3,942 support cluster.
The post Could Gold’s Selloff Run Out of Road Below 4,000? appeared first on ActionForex.

Gold fell to 4,066.21 before recovering toward 4,120, and while the near-term bias stays bearish below 4,227.85–4,245.68, fading downside momentum, a stalling 10-year yield near 5.3%, and a rising Gold/Silver ratio suggest a break below 4,000 may struggle to extend much past the 3,937–3,942 support cluster.

The post Could Gold’s Selloff Run Out of Road Below 4,000? appeared first on ActionForex.

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