Gold Trading Near Consolidation Support
Gold has been trading in a consolidation/congestion pattern, with higher lows and lower highs since finding support near 1530 on May 15. Note in the 4H chart, the flat 200-4H-SMA, the whipsaw action between moving averages, as well as between price and the MAs. The RSI has been tagging 70 and 30...
FF News: Technical