Gold’s positive signals grow, rekindling ascent

From xm.com

Gold is nearing the upper Bollinger band that is currently situated at the swing high of 1,754, after buyers took the upper hand around 1,692 – that being the 23.6% Fibonacci retracement of the up leg from 1,455.17 to the 91-month high of 1,765.03 – sending the precious metal higher. Further aiding a bullish picture are the positively charged simple moving averages (SMAs) and the increased gradient of the 50-day SMA. Additionally, the short-term oscillators reflect some strengthening in positive momentum. The MACD in the positive region, though below its red signal line, looks to reclaim it, while the RSI is ... (full story)