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The weekly RSI stood at 72.11; it marked a new 14-period high which is a bullish indication. The RSI is mildly overbought. However, it remains neutral and does not show any divergence against the price. The weekly MACD is bullish and remains above the Signal Line. A strong White Body emerged on the candles. It shows directional consensus among the market participants. ....
Gold prices steadied on Thursday after rising more than 1% in the previous session, as worries of an early tapering in economic support eased after data showed U.S. consumer price inflation cooled in July. Spot gold inched 0.1% lower to $1,749.62 per ounce by 0329 GMT, having recorded it biggest one-day percentage gain since May 6 on Wednesday. U.S. gold futures were down 0.1% ....