Gold Tests 200-Day Moving Average After One-Month Rebound
GLD SPDR Gold Shares
$398.96 -1.47%
View chart & analysis → - 1Gold has approached a critical technical test following a strong one-month rebound.
- 2On Thursday, it is testing the 200-day moving average near $4,484 around $4,381 per ounce.
- 3Easing Fed tightening expectations and central bank buying have supported demand, which could strengthen the bullish case if the level breaks.
This 3-line summary is compiled from the report below.
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