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Gold Price Analysis – Gold Looks for a Reason to Bounce
FX Empire· 2026-06-29 21:08
If we were to break above the $4,100 level, it opens up the possibility of a move to the $4,200 level. I do think there is still a lot of concern out there in the gold market, but a little bit of a short-term sideways action and perhaps even a bounce might open up the possibility of a return towards the 200-day EMA. On the other hand, if we break down below $3,900, that could send the gold market lower, perhaps down to the $3,500 level.Ultimately, though, this is a market that I think will continue to look ...