XAUUSD: Gold Rebounds, but the Bearish Door Remains Open
Gold has bounced from the $4,100 area, but the recovery is still not convincing enough to change the broader picture. On the H4 chart, price remains below the major EMA cluster around $4,248ā4,314, suggesting that sellers continue to control the upper boundary of the market. My preferred scenario is for XAUUSD to extend its recovery…
