Technical Analysis – Gold may adopt a softer tone in short-term
Gold is sending neutral signals in the daily chart as reflected by the sideways move in the RSI and the MACD. The weakening 20-day simple moving average (SMA), which is ready to cross below the 50-day SMA, and the recent breakout of the ascending channel are also discouraging signs, indicating that the yellow metal may likely […]
Technical Analysis – Gold may adopt a softer tone in short-term
Gold is sending neutral signals in the daily chart as reflected by the sideways move in the RSI and the MACD. The weakening 20-day simple moving average (SMA), which is ready to cross below the 50-day SMA, and the recent breakout of the ascending channel are also discouraging signs, indicating that the yellow metal may likely […]
