Technical Analysis – Gold continues the upside rally above SMAs

Gold prices are moving towards the latest high – being the seven-and-a-half-year high of 1,765 – continuing the upside move after the bounce off the 1,725 support level. The price holds above the mid-Bollinger band and the RSI keeps rising above the 50 level. Also, the MACD oscillator is trying to create a bullish cross […]