Gold successfully found support around the 20-Day MA on Tuesday, for the second day in a row. This followed a one-day breakout above Monday’s high to $3,349. That was a successful test of resistance at an internal trendline that followed a drop below the line last Friday. A higher daily low and higher high was established for the day, but resistance was clearly seen at the trendline. That is bearish behavior unless today’s session ends above Monday’s high of $3,338. Currently, trading continues near the opening price, putting gold in a position to end the day with a doji candlestick pattern. Price behavior indicates ... (full story)