Gold Caught Between Key Moving Averages, Trades in Narrow Band
Gold is trading in a confined range on the 5-hour chart, with the current price of $4,117.82 wedged between the 50-period moving average at $4,081.79 and the 200-period simple moving average at $4,131.51. Market structure points to consolidation rather than directional conviction, and a decisive close beyond $4,135 or under $4,080 is likely needed …