Gold Consolidates Around 1,800 as Recovery Fades
Gold had been trading within a descending channel for the most part of 2022 but has managed to stage a moderate rebound since early November. Even though the precious metal has crossed above both its 50- and 200-day simple moving averages (SMAs), its advance seems to be running out of juice. The momentum indicators are reflecting a loss of […] The post Gold Consolidates Around 1,800 as Recovery Fades appeared first on Action Forex.
Gold had been trading within a descending channel for the most part of 2022 but has managed to stage a moderate rebound since early November. Even though the precious metal has crossed above both its 50- and 200-day simple moving averages (SMAs), its advance seems to be running out of juice. The momentum indicators are reflecting a loss of […]
The post Gold Consolidates Around 1,800 as Recovery Fades appeared first on Action Forex.
