A channel is forming on Gold and its currently right in the middle of it.
Gold is sitting right on the 50 Day MA, the trend is not clear.
The Stochastic suggests its turned up whilst the MACD suggests its still in a downtrend. Great.
Therefore you may need to be patient to see something form on the technicals again. In the upcoming days, Gold will just move opposite to stocks because of the economic data. Markets are jittery Gold is the safe haven.
Gold is sitting right on the 50 Day MA, the trend is not clear.
The Stochastic suggests its turned up whilst the MACD suggests its still in a downtrend. Great.
Therefore you may need to be patient to see something form on the technicals again. In the upcoming days, Gold will just move opposite to stocks because of the economic data. Markets are jittery Gold is the safe haven.