Gold Price Analysis – Gold Races Higher with Dropping Rates
FX Empire·2026-05-06 22:09
This was a nice short-term pop, but the first signs of trouble out of the Middle East, gold probably drops right back to the $4,600 level, so be cognizant of that. If we can close above the 50-day EMA, that could provide a little bit of momentum. That being said, this is a very difficult environment that we find ourselves in and ultimately, I think we're still basically just bouncing around in consolidation. This means short-term trades, and smaller positions to protect your account. Higher rates have been ...