Technical Analysis – Gold pushed back; sellers disagree with new high

Gold printed a multi-year high of 1452.87 on July 19, but sellers moved the asset back below previous highs of 1433.50 and 1439 recorded a month ago. The metal has found support on the 21-day simple moving average (SMA) and the Kijun-sen average around 1415. Tenkan-sen average has flattened out, indicating that short-term upside momentum […]