Separately, one should not overlook the influx of buyers into | FxPro

Separately, one should not overlook the influx of buyers into gold. To a large extent, it can be explained by a weaker USD and lower bond yields. But it is also psychologically crucial that gold has managed to hold above $1800 and closed above the 200-day moving average on Thursday. The long lower shadow of the weekly candlestick might precede several weeks of growth, as it was in March and August 2021. For gold, that might be enough to dislodge the aggressive sellers and attract buyers who believe the worst is over.