Gold Price Struggling to Recover After 6% Dip from All-time High

<div><img width="717" height="482" src="https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27.png" class="type:primaryImage wp-post-image" alt="Gold price analysis" style="margin-bottom: 15px;" decoding="async" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27.png 717w, https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27-300×202.png 300w, https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27-150×101.png 150w" sizes="(max-width: 717px) 100vw, 717px" /></div>
<p>XAU/USD remains bearish if it stays below the 50% retracement level. The 61.8% and the median line represent key support levels. The US data could have a big impact today. The gold price registered a 6% drop from the freshly marked all-time highs in the last trading session. The precious metal is trading at $2,033…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2023/12/05/gold-price-struggling-to-recover-after-6-dip-from-all-time-high/">Gold Price Struggling to Recover After 6% Dip from All-time High</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>