Gold loses steam, after rallying out of long-term trading range

From xm.com

Gold lost steam in the last weeks, after a rally that began at the beginning of June. The price moved sideways after the break above the upper boundary of the three-year and five-month trading range, of 1366, and is currently trading between the short-term simple moving averages (SMAs) of the 14- and 21-day SMAs. Momentum indicators suggest a short-term neutral bias, as the MACD and RSI flatten out in positive areas. The Chikou span is pointing up and above the price, with the averages of the Ichimoku indicator flat as well. The ADX at 30 suggests the uptrend still stands strong. Although the medium-term view remains ... (full story)