Gold Shackled in a Neutral Trajectory as Driving Forces Fade

Gold has fairly flatlined around the Ichimoku clouds’ upper band, where the 50- and 100-period simple moving averages (SMAs) are also residing. Directional momentum seems to have dried up even though the SMAs are endorsing a modest upside bearing. The Ichimoku lines are indicating the absence of directing impetus, while the short-term oscillators are not […]

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