Gold Daily Chart Lacks Clear Direction

Gold Daily Chart Lacks Clear Direction for FX:XAUUSD by FXCM

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 greenbearish development for the precious metal.

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