Technical Analysis – Gold holds bullish short-term outlook above 1300 level

GOLD is tracking higher after bouncing from the 1260.5 low and prices have been rising steadily since October 6. There is room for a further extension higher after a bullish signal was given by the crossover of the 20 and 50-period moving averages on the 4-hour chart. While risk is tilted to the upside, the […]