Gold Recovers Losses on Iran Talks and Weak Dollar
📊 GLD — Piyasa Yorumu
▲ up · 65%Gold prices are recovering, driven by uncertainty surrounding Iran negotiations and a weaker dollar. Technical indicators support the uptrend; the RSI at 65 is not yet in overbought territory, and the MACD remains positively above its signal line. The price is trading above both the 20-day and 50-day moving averages, indicating strong short-term momentum. However, caution is warranted for potential profit-taking after a 1.5% gain in the last 24 hours. Overall, the short-term uptrend is expected to continue.
📊 DXY — Piyasa Yorumu
▼ down · 65%The DXY is trading below its 20- and 50-day moving averages, and while the RSI at 38 approaches oversold territory, momentum remains weak. The MACD line is below the signal line and in negative territory, confirming a short-term bearish trend. News headlines indicate that gold is recovering in a weak dollar environment, which could add further pressure on the dollar. However, the low RSI level also suggests that some buying interest may emerge. Overall, the downtrend may continue, but the pace of decline could be limited due to oversold conditions.