Gold has relinquished its gains and retreated to around the $2,320-$2,330 mark.
Gold is experiencing downward pressure as it trades below the 50-day SMA on Tuesday. Last week, XAU/USD broke above a trendline connecting the “Head” and “Right Shoulder” of a previously invalidated Head and Shoulders (H&S) pattern formed between April, May, and June on the daily chart. While the possibility of a more complex bearish “multi-shouldered” […]
Gold has relinquished its gains and retreated to around the $2,320-$2,330 mark. Read More »
