Analyst: New York gold futures may enter the consolidation stage
Source: Odaily
Time: 2025-09-19 15:08:07
Odaily Planet Daily News RHB Retail Research analyst Joseph Chai said that from the daily chart, the New York Mercantile Exchange gold futures may have entered the consolidation stage. The bearish movement of gold futures on Thursday confirmed that gold prices formed strong resistance at $3,700 per ounce. Judging from the relative strength index, the bullish momentum of commodities has slowed down. Therefore, gold futures may pull back near the 20-day simple moving average in the upside. (Jin Shi)