Gold swiftly bounces back from 55-SMA on the Daily chart : Sign of a trend reversal or a temporary recovery?
Gold witnesses a sharp recovery from a low of $3120 in the Thursday's European session drawing support from weak US Dollar which failed to stabilize above the 101 mark and slipped below. Market attention shifts to the upcoming US PPI number and Fed chair Powell's speech scheduled for today.
15 May 2025, 04:15 PM
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