Gold Bounces Off 6-Week Low, Retains Bearish Bias

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Gold Bounces Off 6-Week Low, Retains Bearish Bias

Gold has been trending lower since early March, generating a profound structure of lower highs and lower lows within a descending channel. Although the precious metal's latest downleg came to a halt at the six-week low of 1,688, the broader bearish technical picture remains intact. The short-term oscillators currently suggest that near-term risks remain tilted […]

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Source: Gold Bounces Off 6-Week Low, Retains Bearish Bias