Technical Analysis – Gold remains in 1-month range; short-term bearish outlook unchanged

GOLD has been maintaining a neutral bias for just over a month now after entering a consolidation phase. The downtrend from a multi-month high at 1357.47 has not shown signs of reversal yet as the market remains well below the mid-point of this decline to 1260.59. Prices are currently trapped below the 23.6% Fibonacci retracement […]