Comex Gold Seen in Consolidation Mode — RHB

Commodities

Comex Gold Seen in Consolidation Mode — RHB

Published on August 14, 2025

Comex gold futures may continue to consolidate after Monday’s losses, with the bearish “Marubozu” candlestick pattern still intact, says RHB Retail Research’s Joseph Chai. The sideways move could persist before bullish momentum returns, though the overall trading bias remains positive. Immediate support is at $3,350/oz, with initial resistance at $3,500/oz. Spot gold is up 0.1% at $3,359.45/oz.