Technical Analysis – Gold trades within symmetrical triangle; outlook neutral
Gold prices are looking more neutral over the last week, hovering around the horizontal simple moving averages (SMAs) on the 4-hour chart. The price has been trading within a symmetrical triangle since April 14 and within the Bollinger bands. The technical indicators are lacking direction too, as the RSI keeps flattening near its neutral threshold of 50, while the MACD continues to move with a very weak momentum around […]