Technical Analysis – Gold neutral outlook, records two-week high during yesterday’s trading
Posted on March 21, 2017 at 8:11 am GMTGold’s recent rally from sub-1200 levels to a 2-week high of 1235 on Monday took a pause today. It’s experiencing a correction after upside momentum lost steam, as indicated by the RSI which turned back down. The RSI indicator is at 53, a level close to the 50 neutral threshold. It is currently trending towards 50. On the upside, yesterday’s high of 1235.38 could offer some resistance. If the price continues advancing, the current level of the 200-day moving average [..]