Gold Retraces Lower after Hitting Crucial Ascending Trendline

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<p>Gold manages to halt the pullback from its recent record high But rebound meets strong resistance at important ascending trendline Momentum indicators suggest that positive momentum is fading Gold had been in a steep uptrend since November 10, recording a fresh all-time high of 2,144 before experiencing a solid correction. Although the bulls attempted to erase this [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/532253-gold-retraces-lower-after-hitting-crucial-ascending-trendline/">Gold Retraces Lower after Hitting Crucial Ascending Trendline</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>