Analyst: Gold Futures Technical Pattern Still Bearish
2026-06-05 07:22
According to an analysis by Joseph Chai, an analyst at RHB, in a report, the bearish technical pattern for Comex gold futures remains intact based on the daily chart. The analyst stated that although the latest bullish candlestick pattern suggests selling pressure is taking a "slight breather," the overall technical pattern remains bearish. Chai noted that the market should pay attention to the fact that futures prices are still below the 20-day and 50-day simple moving averages. (Jin Shi)
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