Gold Pulls Back after Testing Upper Bound of Rectangle

<p>Gold had been in recovery mode after posting a false bearish breakout from its recent rangebound pattern. Even though the price sliced through the descending trendline that connects a series of lower highs since early June and the 50-day simple moving average (SMA), it retraced lower after failing to claim the upper end of the rectangle. […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/511205-gold-pulls-back-after-testing-upper-bound-of-rectangle/">Gold Pulls Back after Testing Upper Bound of Rectangle</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>