Gold is growing its four-day winning streak by closing at $1,927.8, gaining $9.8.

A quick look at yesterday: after ending Thursday at $1,918, CME Gold went up to $1,930.8 only to drop back, yet still traded well overall and closed at $1,927.8 per ounce yesterday.

At the same time, United States Core PCE Price Index (YoY) (May) came out at 4.6, while a consensus of analysts was expecting 4.7. United States Core PCE Price Index (MoM) (May) released yesterday at 12:30 UTC with a figure of 0.3, while the previous figure was 0.4. United States CFTC S&P 500 speculative net positions released yesterday at 20:30 UTC with a figure of -208,300, while the previous figure was -239,300.

Gold made an initial breakout above its 5 day Simple Moving Average at $1,925, a potential indicator of a newly emerging bullish phase. CME Gold's lower Bollinger Band® is at $1,905.4, indicating that the market is oversold and fertile for new buyers. In contrast, Gold could be slowing down soon as it approaches resistance at $1,935.37. Of course, crossing it might suggest further gains are ahead.

Examining the technical analysis landscape, CME Gold might continue its downtrend in the short term.

Rallies can also be seen in other Metals, Copper is trading around $3.76 after ending yesterday's session at $3.7 (up 1.76% today). Notably, Silver rose 0.82% yesterday and closed at $22.8.

The commodity has been trending lower for about 28 days. Gold has fallen back around 6.84% over the past a month, from a notable high of $2,058.7.