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Gold Bull Run Hits Speed Bump at $3,435, Key Support Levels to Watch

According to Société Générale’s FX analysts, gold’s recent rally has stalled below the key $3,500 mark, with a lower high forming at $3,435. Technical indicators show weakening momentum, with the daily MACD pulling back from multi-month highs and dipping below its trigger line. This suggests a temporary consolidation phase in gold’s uptrend. For the rally to resume, gold would need to break above $3,435, while near-term support levels are identified at $3,200 and $3,140.

Original Source: FXStreet

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