Comex Gold Futures Remain Bearish as Prices Hold Below Key Moving Averages

According to RHB analyst Joseph Chai, Comex gold futures maintain a bearish technical pattern as of June 5. The analyst noted that while recent bullish candle formations suggest selling pressure is easing slightly, the overall technical setup remains biased downward. Futures prices continue to trade below their 20- and 50-day simple moving averages, a key resistance level to monitor.
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