Gold is at a Crossroad, Setting up for a Breakout

Converging trendlines: Gold prices have been trading at a crossroad above a rising trendline and below a declining channel resistance, as seen in the daily chart. The moving averages are also converging, reflecting a directionless market. The RSI is also stuck between 40 and 60, a reflection of…

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Gold is at a Crossroad, Setting up for a Breakout

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