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Gold Stuck in Rangebound Pattern, Capped by 50-SMA

Gold Stuck in Rangebound Pattern, Capped by 50-SMA
Gold experienced a moderate pullback after peaking at the 13-month high of 2,048 in mid-April. Since then, the price has been trading without a clear direction within a rectangle pattern, while the congested region that includes the 50-period simple moving average (SMA) and the lower bound of the Ichimoku cloud has repeatedly curbed upside efforts. […] The post Gold Stuck in Rangebound Pattern, Capped by 50-SMA appeared first on Action Forex... Read More
Posted: Apr 26 2023, 10:33
Author Name: actionforex
Views: 081921

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