Gold price edged higher on Wednesday (up 1.6% in Asian / European trading) after falling over 4% on Tuesday. Stronger US dollar on increased safe-haven demand and fading prospects of Fed rate cuts, pressured yellow metal, although Wednesday’s recovery, which retraced around 50% of the previous day’s drop, suggests that losses are likely to be […]The post Gold Regains Traction After Tuesday’s Drop, Larger Bullish Structure Intact Above $5,000 appeared first on ActionForex.