Gold Rally Faces Roadblock At 20-Day And 50-Day Moving Averages
Source: SeekingAlpha
2026-05-07 04:05:00 ET
By Kelvin Wong
Gold ( XAUUSD:CUR ) has staged a significant intraday rally of 3% on Wednesday, May 6, 2026, on the backdrop of easing US-Iran geopolitical tensions, as positive news flows suggest a potential imminent peace deal resolution to end the two-month-long conflict....
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Gold Rally Faces Roadblock At 20-Day And 50-Day Moving Averages
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