Gold

Key Indicators

• Despite the overall momentum remaining mixed, technical indicators on the 1-hour chart suggest the price is in a short-term recovery from the recent decline.

• Momentum indicators (MACD positive, RSI climbing at 48.78) hint at recovery.

Fundamental Context

The sustainability of gold’s gains will largely depend on remarks from Federal Reserve policymakers, the performance of the US dollar, the forthcoming US CPI inflation report, and ongoing geopolitical developments.