Gold regained traction on Thursday after three-day recovery was strongly rejected on Wednesday, remaining biased higher, although still capped under pivotal barriers at $1970/73 (50% retracement of $2009/$1931/20DMA). Wednesday’s bearish candle with long upper shadow warns about recovery stall and the downside will remain vulnerable (on threats of bull-trap) as long as $1970/73 resistances cap, […]
The post XAU/USD: Gold Remains Constructive Though Still Looking for Clearer Direction Signal appeared first on Action Forex.
