Gold bears took control on Tuesday, pressing the price below the resistance-turned-support trendline, which halted last week’s decline, and towards the 200-period exponential moving average (EMA) in the four-hour chart at 2,280. In the technical indicators, the RSI and the stochastic oscillator have stabilized their downfall near their previous lows within the oversold region and are looking for an upside reversal. That indicates an excessive bearish action, which might result in an upward correction or some stability. That said, the falling shorter-term EMAs suggest that the negative trend may continue to dominate. ... (full story)