Chart of the day: Gold price rebounds as Treasury yields retreat but $4,200 remains a hurdle - investingLive

AI desk brief

Gold is rebounding toward $4,180 as 10-year Treasury yields ease to 5.23% from around 5.36%, giving the non-yielding metal some relief after this week’s pressure. The near-term chart has improved with price back above the 100-hour and 200-hour moving averages, but $4,200 remains the key hurdle and the 100-day moving average near $4,259 is still capping the broader trend.

The bounce looks constructive for now, with a short-term base potentially forming around $4,110 and the 78.6% retracement near $4,117. Still, unless gold can reclaim $4,200 and then test $4,259, the move is best viewed as a corrective recovery rather than a confirmed trend reversal.