Not much action for the Gold ETF today. The closing price was the same as yesterday's closing price. The chart continues in a sideways action.MACD is still above Zero - that's a positive.
The RSI is sitting on 50 - indicative of the indecision in the market.
The Slow Stochastic continues to head down - indicating the loss of momentum. It is getting close to a point where a reversal upwards seems likely - but until it happens, there's no point in pre-empting the market.
Patience is required.
Cheers
Red
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