Gold consolidates after failing to re-enter range

From xm.com

Gold had been moving sideways for more than a month, but the bears managed to push the price below the lower boundary of that range. Even though bullion posted a mild recovery after bouncing off the three-month bottom of 1,893, its attempts to re-enter the neutral pattern have been repeatedly repelled around the 1,925 mark. The short-term oscillators currently suggest that the positive momentum is picking up, but bearish forces retain the upper hand. Specifically, the MACD crossed above the red signal line in the negative zone, while the stochastic oscillator is set to post a bullish cross. If bullish pressures ... (full story)