Gold Price Forecast: Will XAU/USD break above the key 100-day SMA resistance?
News brief
Gold has regained recovery momentum to retest $4,600 in Asian trades on Tuesday, after having defended the $4,400 level. Gold extends recovery for the third straight day, but eyes the worst month in over 17 years. The US Dollar winning streak stalls amid unwinding and repositioning as the March quarter ends.Gold could run into stiff resistance at the 100-day…
Why traders care
For traders, this matters because commodity headlines often feed directly into inflation expectations, sector rotation and currency pricing.
What to watch next
- Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.
Gold has regained recovery momentum to retest $4,600 in Asian trades on Tuesday, after having defended the $4,400 level. Gold extends recovery for the third straight day, but eyes the worst month in over 17 years. The US Dollar winning streak stalls amid unwinding and repositioning as the March quarter ends.Gold could run into stiff resistance at the 100-day… Gold has regained recovery momentum to retest $4,600 in Asian trades on Tuesday, after having defended the $4,400 level. Gold extends recovery for the third straight day, but eyes the worst month in over 17 years. The US Dollar winning streak stalls amid unwinding and repositioning as the March quarter ends.Gold could run into stiff resistance at the 100-day SMA of $4,637 as the daily RSI remains bearish. Gold has regained recovery momentum to retest $4,600 in Asian trades on Tuesday, after having defended the $4,400 level.Gold set for a… For traders, this matters because commodity headlines often feed directly into inflation expectations, sector rotation and currency pricing. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.
