J Studios
By Clive Maund
Gold has made impressive gains so far this year, but when it spiked up to touch $3,500 in the middle of April, it became heavily overbought. That's when gold went into a rectangular consolidation pattern that has given
Gold Grinding Sideways, But Gathering Strength (Technical Analysis)
Summary
- Because there is still a considerable gap with the 200-day, it means that there is room for gold's price to break down from the rectangle and correct back.
- The accumulation line has continued to trend higher from the April peak as the price has tracked sideways and has even made new highs in recent days.
- If gold should instead break down from this range and correct back towards or to its rising 200-day moving average and the lower rail of its uptrend channel, it should then reverse back to the upside into a vigorous uptrend.
Money Metals Exchange is a top-rated online bullion dealer serving 750,000+ U.S. customers. Founded in 2010, it offers competitive pricing on gold, silver, platinum, palladium, rhodium, and copper, along with secure storage, IRAs, and metals-backed loans.Why Money Metals? ✅ No High-Pressure Sales – Transparent pricing & fair premiums ✅ Secure Storage – One of North America's largest private vaults ✅ Expert Insights – Market analysis published on Seeking Alpha & beyond ✅ Sound Money Advocate – Leading efforts to restore gold & silver’s role in currency Money Metals provides trusted service, deep market expertise, and a strong commitment to financial freedom.➡️ Follow Money Metals: ✅ Instagram ✅ YouTube ✅ Google Sites