12:08 PM
alphaadvisory
Gold closed slightly lower on Monday and the low range close sets the
stage for a steady to lower opening when Tuesday's night session begins
trading. Stochastics and the RSI are turning neutral to bearish
signalling that sideways to lower prices are possible near term. If it
extends the decline off last October's high, last May's low crossing is
the next downside target. Closes above the 20day moving average crossing
would confirm that a short term low has been posted.
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