Published: June 5, 2026 โข 9:33 PM IST ยท Updated: June 6, 2026 โข 6:12 AM ISTBy TheBriefWire Editorial Team
Key points
Gold is at a technically precarious juncture, and the good news for you is that options market may be mispricing the risk.
The metal is hovering near its 200-day moving average while simultaneously testing the 50% Fibonacci retracement of its prior advance, a confluence that technical traders don't take lightly.
Compounding the bearish setup, several momentum and trend indicators have rolled over: DMI, along with triangular, weighted, and exponential moving averages, are also all pointing lower.
The macro backdrop isn't offering much of a counterargument.
Inflation stemming from the conflict in Iran is raising the specter of a more hawkish Fed pivot.