Gold Struggles above 1,900; Bearish-to-Neutral Bias in Short-Term

Gold prices are moving sideways after the aggressive selling interest from the 19-month peak of 2,070.40, returning back near the 1,900 mark. The RSI indicator is flattening around the oversold region, while the MACD is still developing with weak momentum in the negative area. In trend indicators, the 20- and 40-period simple moving averages (SMAs) […]

The post Gold Struggles above 1,900; Bearish-to-Neutral Bias in Short-Term appeared first on Action Forex.