Gold Holds 100-Day SMA as Upside Risks Remain Intact
XAU/USD is trading back near $4,400 in Asian hours after a push toward $4,450 was rejected, while the 100-day simple moving average remains key support.
XAUUSD
Gold pulled back toward the $4,400 area on Thursday after an advance toward $4,450 was rejected. That level marked a fresh ten-week high earlier in the session.
The pullback has not broken the broader constructive tone, with XAU/USD still clinging to its 100-day simple moving average. Upside risks remain intact while that support holds.
Traders are watching whether gold can reclaim the $4,450 rejection area, with the 100-day SMA seen as the key nearby floor.
Source: FXStreet Forex News