Gold Weekly Outlook: Can Bulls Extend the Rally as DXY Weakens and Oil Risk Rises?
Gold enters the new trading week with powerful bullish momentum, but the next phase may be far more volatile than the previous one. Spot gold ended Friday near $4,623.94, after reaching approximately $4,631.99, its highest level in more than three months. The metal gained more than 5% during the week and completed a third consecutive weekly advance. More importantly, price moved above its closely watched 200-day moving average near $4,513, strengthening the broader technical structure. Reuters
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