Gold Momentum Hasn't Been This Weak Since Late 2023

Gold price analysis shows the metal coiling in a seven-week range just above its yearly lows as momentum grinds to its weakest since late 2023. Michael Boutros, FOREX.com Senior Market Analyst, breaks down gold across the weekly, daily, and four-hour charts and the fundamentals that could drive its next directional move. Boutros explains why gold has stalled in a tightening consolidation range and what a genuine breakout would take to confirm a more significant low. He also weighs how Federal Reserve rate expectations and the upcoming ADP employment and nonfarm payrolls releases could shape where gold goes next. 0:00 Gold Coils Above Yearly Lows 1:08 Momentum Sags Below Midline 1:36 The Breakout Gold Needs Now 3:00 Gold's Decline Range Tightens 3:36 Payrolls Become the Swing Risk 4:19 The Focal Break Gold Awaits 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_michael_boutros&utm_content=share Like and subscribe for more financial market insights. #Gold #StoneX #MichaelBoutros #Forex