Technical Analysis – Gold firmer in short-term; needs to stay above 1290 to maintain current bullish momentum
GOLD is firmer in the short-term and prices are currently pivoting around the key 1290 level. On the 4-hour chart, the market turned more bullish after the crossover of the 50 and 200-period moving averages. RSI has risen above 50 which keeps the near-term bullish momentum intact. The strong upleg above the 200-MA on November […]
