Category: Forex News, News
Gold price leans on SMA support – Forecast today
Gold price edged down in latest intraday trading with negative signals emerging from the Stochastic, as the price tries to gather positive momentum to rise anew, while also leaning on the support of the 50-candle SMA.
It comes amid the dominance of the main upward trend while trading alongside a secondary short-term trend line, as the price tries to breach the Flag pattern, which is complementary to that positive trend in the intraday levels.
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