Key Highlights Gold started a downside correction and traded below $2,350. A connecting bearish trend line is forming with resistance at $2,325 on the 4-hour chart. Oil prices extended losses but remained stable above $80.00. Bitcoin price traded to a new weekly low below $60,000. Gold Price Technical Analysis Gold prices started a downside correction […]
Gold prices break descending trend line Medium-term trend remains neutral RSI indicates overbought market Gold prices posted an impressive bullish rally in the preceding week, touching the upper boundary of the medium-term trading range at 2,088 and penetrating the downtrend line to the upside. The technical oscillators are confirming this view. The MACD is strengthening […]
The post Gold Rally Pauses at 2,088 After Strong Bullish Move appeared first on Action Forex.
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