Gold is tiptoeing across the flattened red Tenkan-sen line at 1,864 after the more than two-week decline from the 2,000 price vicinity bounced off a support zone that stretches back to mid-February. The descending slopes of the simple moving averages (SMAs) are endorsing the recent downward trajectory in the commodity. Currently, the Ichimoku lines are […]
The post Gold’s Bearish Bias Calmed by Support Boundary appeared first on Action Forex.
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