Option data suggests a broader trading range between 16,600 and 17,500 zones. Chart readers said the formation of two back-to-back Doji patterns in the last two sessions indicate that the market is in the process of a near-term bottom formation.
Gold appears set for a rebound as it regains safe-haven appeal after US-Iran war selloff
Gold has recovered nine percent, signaling renewed investor and central bank interest. The precious metal is now positioned for further gains after market shocks. Lower