(XAUUSD) & Silver Price Forecast: Bulls Seek Recovery After Channel Breakdown
Key Points:
Gold prices rebounded above $3,300 but face resistance from a strong US dollar and upbeat economic data.
Durable Goods Orders in April fell 6.3%, beating the expected 7.9% drop, adding strength to the dollar.
US Consumer Confidence jumped to 98 in May, signaling renewed optimism and easing global trade tensions.
Gold prices rebounded above $3,300 but face resistance from a strong US dollar and upbeat economic data.
Durable Goods Orders in April fell 6.3%, beating the expected 7.9% drop, adding strength to the dollar.
US Consumer Confidence jumped to 98 in May, signaling renewed optimism and easing global trade tensions.
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