Gold Edges Higher After Hitting 50-day SMA

<p><img width="479" height="359" src="https://www.actionforex.com/wp-content/uploads/2018/03/f-gold8.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2018/03/f-gold8.jpg 479w, https://www.actionforex.com/wp-content/uploads/2018/03/f-gold8-80×60.jpg 80w, https://www.actionforex.com/wp-content/uploads/2018/03/f-gold8-265×198.jpg 265w" sizes="(max-width: 479px) 100vw, 479px" /></p>
<p>Gold finds its feet at the 50-day SMA Clocks a positive session but does not yet erase recent drop Momentum indicators suggest that positive momentum is strengthening Gold had been undergoing a downside correction after attempting to break above an upward sloping trendline drawn from its October lows. However, the price bounced off its 50-day simple moving […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/535305-gold-edges-higher-after-hitting-50-day-sma/">Gold Edges Higher After Hitting 50-day SMA</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>

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