Spot gold is a market the research desk has watched closely over the past week. And for a good reason. Price action on the weekly timeframe, aided by early negative divergence from the Relative Strength Index (RSI), recently greeted resistance from $1,988, a base that may concern breakout buyers beyond the $1,959 February peak. However, let’s not forget that the yellow metal is technically trending north, visible on both the weekly and daily timeframes (check out the Golden Cross on the daily timeframe), consequently backing a bullish bias. Out of the daily timeframe, recent price movement—between support and ... (full story)