07/06 - Gold Update
Gold prices have remained stagnant for the past three weeks, trading between $1,933 and $1,985 over a four-hour period.
The current lack of triggering events has made it difficult for the precious metal to make any significant moves.
The March 15 high marks horizontal support at $1,937.39, while the 200-period Exponential Moving Average (EMA) at $1,975.47 poses a challenge for traders.
The price of Gold. The Relative Strength Index (RSI) (14) is non-directional, ranging between 40.00-60.00.
The current lack of triggering events has made it difficult for the precious metal to make any significant moves.
The March 15 high marks horizontal support at $1,937.39, while the 200-period Exponential Moving Average (EMA) at $1,975.47 poses a challenge for traders.
The price of Gold. The Relative Strength Index (RSI) (14) is non-directional, ranging between 40.00-60.00.
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