Gold Approaches 2-Week High; Recoups Strong Losses

<p>Gold prices continue to rise above the simple moving averages (SMAs), towards the two-week high of 1,638, stretching its upward movement from the four-month trough of 1,451.  According to the RSI, positive momentum could push for further gains in the short-term as the indicator picks up steam near its overbought zone. The stochastic oscillator is [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/282964-gold-approaches-2-week-high-recoups-strong-losses/">Gold Approaches 2-Week High; Recoups Strong Losses</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>