Gold has been losing ground since early March, generating a profound structure of lower highs and lower lows within a descending channel. Furthermore, in the last few daily sessions, the technical picture has deteriorated, with the pair forming consecutive fresh 29-month lows and trading beneath its lower Bollinger band. The short-term oscillators currently suggest that bearish […]
The post Gold Extends its Decline to Fresh 29-Month Lows appeared first on Action Forex.
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