Technical Analysis – Gold short-term bullish, medium-term neutral
Posted on February 15, 2017 at 8:22 am GMTGold has been posting some losses is today’s trading so far after finishing the day higher the day before. The short-term outlook as given by the RSI and MACD indicators is bullish as RSI is currently in bullish territory at 58 and the MACD histogram is positive. Should the price head up, the February 8 more than three-month high of 1244.58 is likely to act as resistance to upside moves. A successful break above it would shift focus to the [..]