Gold has been losing ground since mid-June, dropping below the 1,900 handle for the first in more than three months. However, the commodity managed to regain traction and jump above its 50-period simple moving average (SMA), while it is set to challenge the upper boundary of the Ichimoku cloud. The momentum indicators currently suggest that bullish […]
The post Gold in Recovery Mode But Bearish Structure Holds appeared first on Action Forex.
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