Gold Has a Good Support Zone But Patience Needed

<p>Gold has been forming lower lows and lower highs over the past two weeks, with the 50-day simple moving average (SMA) preventing major declines once again along with the 20-day SMA near 1,945 last Friday. The price maintained its position above the broken bearish channel, which is a good sign for July’s upleg continuation. The progressing […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/512469-gold-has-a-good-support-zone-but-patience-needed/">Gold Has a Good Support Zone But Patience Needed</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>