Gold futures today charts show the 200-day moving average

Charts show the 200-day moving average holding firm, suggesting bullish momentum if macro headwinds persist. This mighty gold bull’s bigger pullbacks within high consolidations have run 4.0%, 5.7%, 8.0%, and 7.1%.  So the best-case scenario out of this latest extreme overboughtness is probably a multi-month sideways drift interspersed with 4%-to-8% selloffs.  But having seen no corrections in two years, this selloff could prove much worse.  Technically any correction-grade selloff over 10% but less than 20% keeps gold’s bull alive. Tens of billions of dollars in gold flows illegally out of Africa each year, a new report says In gold futures today, analysts project potential resistance at $2,330 if U.S. retail sales data beats forecasts. Conversely, weaker consumer spending could create a path for prices toward $2,