Gold Consolidating Under $2000, Bulls Hold Grip for Now
Gold is consolidating under new five-month high on Monday after larger steep uptrend stalled on approach to psychological $2000 barrier. Strong upside rejection on Friday points to increased headwinds from $2000 zone which marks significant obstacle, prompting traders to collect some profits from over 7% rally in past two weeks. Overstretched daily indicators also contribute […] The post Gold Consolidating Under $2000, Bulls Hold Grip for Now appeared first on Action Forex.
Gold is consolidating under new five-month high on Monday after larger steep uptrend stalled on approach to psychological $2000 barrier. Strong upside rejection on Friday points to increased headwinds from $2000 zone which marks significant obstacle, prompting traders to collect some profits from over 7% rally in past two weeks. Overstretched daily indicators also contribute […]
The post Gold Consolidating Under $2000, Bulls Hold Grip for Now appeared first on Action Forex.
