Gold Prices Forecast: Moving Average Resistance, Elevated Yields Capping Gains
Gold is trading below 50-day moving average, indicating bearish trend
World Gold Council is reporting 56% decrease in central bank buying
Gold prices are down 5% from record high of $2,449.89, facing pressure from strengthening dollar and rising Treasury yields Investment #Trading #commodities Gold Prices Forecast: Moving Average Resistance, Elevated Yields Capping Gains
Gold is trading below 50-day moving average, indicating bearish trend
World Gold Council is reporting 56% decrease in central bank buying
Gold prices are down 5% from record high of $2,449.89, facing pressure from strengthening dollar and rising Treasury yields Investment #Trading #commodities