Technical Trading: Bullish Momentum Divergence Bodes Well For Gold
September 29 —Markets don’t go straight up or down, they need to pause, correct and take a break. The recent technical trend in the gold market has been bearish; prices have been trending lower off the July price high in an orderly manner.
Gold Up On Short Covering, Some Bargain Hunting
Gold prices are modestly higher to start the new trading week Monday. Short covering by the futures traders and some light bargain hunting are featured, following recent solid selling pressure that drove prices to a nine-month low last week. December …
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