Comex Gold Futures Consolidating Above 20-Day Simple Moving Average, Chart Shows
WSJยท2025-10-27 06:43
Core Viewpoint - Comex gold futures are consolidating above the 20-day simple moving average, indicating a potential resumption of the uptrend towards $4,400 [1] Group 1 - The current price action of gold futures suggests a bullish sentiment in the market [1] - The 20-day simple moving average serves as a key support level for gold prices [1] - Analysts at RHB predict a target price of $4,400 for gold, reflecting a positive outlook for the commodity [1]