Technical Analysis – Gold maintains bullish medium-term outlook but pauses upside momentum
Posted on June 1, 2017 at 8:17 am GMTGold maintains a bullish market structure in the medium term as prices have been making higher highs and higher lows since the 1122.66 December low to the 6-month high of 1295.38 hit on April 17. A higher low at 1214.17 (May 9 low) will be confirmed with a higher high above the 1295.38 peak. The RSI has lost upside momentum but still remains in bullish territory above 50. The sideways move in the oscillator suggests some consolidation in gold prices [..]