Gold has lost its positive momentum after the pullback off the 1,815 resistance in the very-short term, but is still remaining above the 20- and 40-period simple moving averages (SMAs). The market could retain the negative trading as the RSI is pointing downwards in the positive region, while the stochastic is heading down as well. Should the pair stretch south, the 40- and then the 20-period SMA could provide immediate supports at 1,796 and 1,793 respectively. A step lower could bring [..]
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