Gold Bulls Smell a Bottom as Sellers Run Out of Steam

A gold price reversal is not confirmed, but months of gold selling have stalled as buyers keep defending a major round-number level. James Stanley, FOREX.com Senior Market Analyst, breaks down gold's price action and how Federal Reserve rate expectations and a new Fed chair are shaping it. Stanley works through how Federal Reserve rate expectations and a hawkish new chair, Kevin Warsh, weigh on a non-yielding asset, why round-number levels attract central bank gold buying, and what a genuine bullish reversal in gold would require. He also explains why a stalling sell-off with higher lows can precede a turn. 0:00 Gold's Slide Loses Its Steam 1:10 Round Numbers Pull In Buyers 2:22 Lower Highs Keep Sellers Busy 3:51 Rate Bets Still Weigh on Gold 5:35 Higher Lows Build a Floor 7:21 Contrarians Eye a Sour Trade 9:28 Warsh Puts the Fed in Focus Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_james_stanley&utm_content=share Like and subscribe for more financial market insights. #Gold #StoneX #JamesStanley #FederalReserve