Technical Analysis – Gold rallies to 7-month peak, stretching the bullish structure

Gold skyrocketed to a new seven-month high of 1,865, exiting from the medium-term ascending channel, suggesting that the recent uptrend is likely to stay in place for now. The RSI is standing in the overbought territory, while the MACD is extending its bullish momentum above its trigger and zero lines. In case the pair continues its direction to […]