Gold Breaks Below 200-Day MA at $4,387 as Downside Momentum Accelerates

Gold has decisively broken below its 200-day moving average near $4,370-4,388 for the first time in three months, trading as low as $4,387 by May 28 with accelerating bearish momentum. The decline follows a brief rebound toward $4,580 on May 25 that failed amid fading US-Iran ceasefire premium, hotter CPI data, and firmer dollar/yields. Prices broke the $4,500 support on May 27 after consolidating near $4,520-4,550 earlier in the week, with technicals confirming sellers in control below the 20-day EMA and RSI readings deeply oversold. Further downside targets now include $4,320-4,262.