Gold price stalls recovery from over one-month low near 200-period SMA on H4

  • Gold price (XAU/USD) struggles to capitalize on the previous day's strong recovery move from the $3,120 region, or the lowest level since April 10, and attracts some sellers during the Asian session on Friday. The US-China trade truce for 90 days has eased some of the pressure on global markets and is seen as a key factor acting as a headwind for the safe-haven bullion.