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The sellers are in control in gold. What would keep sellers in full control going forward?

The sellers are in control in gold. What would keep sellers in full control going forward?
The price of gold has been trending to the downside sing the end of August. There was one sharp correction around August 6th, but sellers leaned and the price rotated back lower. Since then, the price has stayed mostly below the falling 100-hour MA (blue line in the chart above), until today when the buyers made a play above that MA line. However, momentum faded, the price moved back below, and the buyers turned to sellers. The fall has not taken the price to the lows over the last few days whic... Read More
Posted: Aug 21 2023, 15:48
Author Name: forexlive
Views: 102174

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