-
Gold advances again after rebound off 2,150
Gold prices rebounded off the 2,150 support level after creating a bearish correction from the strong rally towards the fresh all-time high of 2,195 on Friday in the 4-hour chart. The technical oscillators are showing some contradicting signs as the MACD is losing momentum beneath its trigger line. However, the stochastic is gaining some momentum following the bullish crossover within the %K and %D lines in the oversold territory. If the market continues to the upside, then it could meet immediate resistance at the flat 20-period simple moving average (SMA) at 2,171 before challenging the crucial 2,185 bar. Even ... (full story)