Gold bulls take a break as markets calm down Gold XAUUSD
in its main moving averages, both clear signs of more upward trading action being developed:
The 14-day Relative Strength Index holds bullish while the 21-Daily Moving Average pierced through the mildly firm 50 DMA for the upside on a daily closing basis, confirming a Bull Cross. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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