In a study analysis, Joseph Chai of RHB Retail study states that Comex gold futures are still moving sideways. The commodity remains above the 20-day and 50-day simple moving averages, sustaining the bullish technical setup, the analyst claims, even if negative candlesticks develop on the daily chart. According to the expert, it may find immediate support close to $3,000/oz as bullish momentum slows. According to the expert, gold’s bullish trading bias is probably still in place as long as it stays above support at the $2,900/oz level. Spot gold is up 0.2% at $3,015.80 per ounce.
Comex Gold Futures Keeps Moving Sideways, Chart Indicates – Market Discussion
- Date: March 25, 2025
- Time: 7:19 AM
