Technical Analysis – Gold loses steam, after rallying out of long-term trading range

Gold lost steam in the last weeks, after a rally that began at the beginning of June. The price moved sideways after the break above the upper boundary of the three-year and five-month trading range, of 1366, and is currently trading between the short-term simple moving averages (SMAs) of the 14- and 21-day SMAs. Momentum […]