Technical Analysis – Gold retreats after hitting 4-month high; reinforces long-term bearish structure
GOLD reached a more than a four-month high of 1344 during the past week, after an aggressive bullish rally from the 1236 support level. However, over the last two daily sessions, the price bounced off on the aforementioned resistance obstacle and posted a bearish move. The short-term technicals seem to be negative and point to more weakness in […]