Gold Daily Chart Lacks Clear Direction
Gold/U.S. Dollar FX:XAUUSD
We have added a triple moving average system to determine the trendiness of XAUUSD . Green>orange>red is regarded as a bullish formation. When this is achieved with angle and separation (blue arrows) a price uptrend typically ensues. Current price action lacks clear direction in this regard. We note that the short-term green moving average has turned down. If green