The market patterns for Gold conveys a great conviction for a long-term rebound in the asset’s future price value. The momentum in the index declined as the prices of Comex moves upward giving gold an upward trajectory. Investors vest in the yellow metal if the currency movement of dollars goes up bringing higher interest rates for Gold.
TA: I Week time frame bullish trend . RSI 51.3 - Neutral
TA: I Week time frame bullish trend . RSI 51.3 - Neutral