Gold Price Technically Indecisive
For the last week the gold price has been moving sideways. Traders are indecisive pending more clarity on rate hikes, economic outlook, and geopolitical risks. Personal Consumption Index (PCE) is pending.
Trading broke below the 50 day moving average but has not set a new low and remains tight to the 50 day moving average.
https://stockcharts.com/h-sc/ui?s=$GOLD