Gold Rebounds from $4,200 But Bears Not Done Yet
Gold staged a strong rebound after touching its lowest since November near $4,200, but the weekly forecast suggests the metal is not out of the woods yet.
XAUUSD
Gold (XAU/USD) faced heavy bearish pressure early in the week, falling to its lowest level since November near $4,200.
However, it staged a decisive rebound from that level. According to the weekly forecast, despite the strong bounce, gold is not out of the woods yet, indicating potential further downside risks.
Source: FXStreet Forex News