Gold Price Analysis: Capped under robust resistance after suffering the sell-off– Confluence Detector NEWS | 14 minutes ago | By Yohay Elam
Gold has been on the back foot in a turbulent week as investors were in a “sell everything” mode. How is XAU/USD positioned as the week draws to an end? The Technical Confluences Indicator is showing that gold is capped at $1,487, which is the convergence of the Simple Moving Average 50-1h, the previous 4h-high, and the […]