Gold’s repeated failure to close below the sliding trend line suggests potential for a rebound, although the RSI (having breached the rising trend line) warrants caution.
Nevertheless, a close below 10-DMA today would open doors for a revisit to $1244.71 (Feb 8 high).
On the downside, only a daily close below the downward sloping 100-DMA would signal the short-term rally has ended.
Nevertheless, a close below 10-DMA today would open doors for a revisit to $1244.71 (Feb 8 high).
On the downside, only a daily close below the downward sloping 100-DMA would signal the short-term rally has ended.
