Chart Alert: Gold (XAU/USD) Rally Faces Roadblock at 20-Day and 50-Day Moving Averages
Key takeaways Gold rebounded on easing geopolitical tensions: Gold (XAU/USD) surged 3% as optimism over a potential US–Iran peace deal reduced stagflation fears and increased expectations that the Fed could eventually pivot toward rate cuts, weakening the US dollar. Technical and intermarket signals remain cautious: Despite the rally, gold remains one of the weaker-performing major […]
The post Chart Alert: Gold (XAU/USD) Rally Faces Roadblock at 20-Day and 50-Day Moving Averages appeared first on ActionForex.
