Gold in neutral mode within tentative descending channel @ Metals Mine

Gold in neutral mode within tentative descending channel

From xm.com

video Gold has been light in terms of volatility over the past two weeks, sliding sideways within a tentative downward sloping channel that remains intact since early September. The momentum indicators continue to suggest a neutral-to-bearish bias for the short-term as both the RSI and the MACD have yet to show a clear direction in the bearish area, with the former ranging below its 50 neutral mark and the latter holding flat around its red signal line. A downside reversal in the price could initially retest the area around 1,445, which is the 38.2% Fibonacci of the upleg from 1,266 to 1,556 and a support level in ... (full story)

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