Gold Increasingly Bullish in Short Term, Reaches 100-period SMA

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2020/04/f-gold80.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2020/04/f-gold80.jpg 612w, https://www.actionforex.com/wp-content/uploads/2020/04/f-gold80-600×400.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Gold extends rebound, tries to overtake 100-period SMA But risk that rally is becoming overstretched Gold climbed to a near two-week high on Wednesday, briefly hitting 1,874.65, as the rebound from the seven-month low of 1,810.31 continued to gain traction. The momentum indicators point to an ongoing positive bias in the short term, but there […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/522608-gold-increasingly-bullish-in-short-term-reaches-100-period-sma/">Gold Increasingly Bullish in Short Term, Reaches 100-period SMA</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>