Gold Returns Above 1,700, Still Bearish In Short Term

<p>Gold is extending its positive momentum following the bounce off the 1,671 support level, having surpassed the 20-period simple moving average (SMA) in the 4-hour chart. However, the structure in the short-term remains bearish despite the latest upside correction. In momentum indicators, the RSI is pointing up near its neutral threshold of 50, while the […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/301870-gold-returns-above-1700-still-bearish-in-short-term/">Gold Returns Above 1,700, Still Bearish In Short Term</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>