The gold price on Friday pulled back off the session highs of about $2,350 to trade at about $2,334. The price of the yellow metal continues to trade within an ascending channel formation in the 60-minute chart. Despite the pullback, gold continues to trade slightly above the 100-hour moving average line. Friday’s pullback prevented the XAU/USD from ascending into the overbought levels of the 14-hour RSI. From a fundamental perspective, the XAU/USD is trading at the back of a relatively busy period in the US Market. On Friday, the Michigan Consumer Sentiment Index for April missed the expected reading of 77.8 with a ... (full story)