Gold prices must overcome this next hurdle before another bullish run

Gold prices reached a pivotal technical level during the trading session, closing at $4,363 per ounce. The precious metal has gained approximately 6.3% over the previous month, outpacing the S&P 500’s advance of roughly 2% in the same timeframe.
Chart analysts have identified the 200-day moving average, currently positioned at about $4,484 per ounce, as a key resistance point for the rally. This widely followed technical indicator helps investors distinguish between long-term price tr