GOLD:Divergence And Price slides below the $1,925 level
Gold pulls away from the multi-month top, and slides below the $1,925 level
Gold price edges lower on Wednesday and moves away from a nine-month high, around the $1,942-$1,943 area touched the previous day. The XAU/USD remains on the defensive through the first half of the European session and is currently placed near the daily low, just below the $1,924 level, down nearly 0.70% for the day.
The stochastic indicator shows a Bearish divergence.
Gold price edges lower on Wednesday and moves away from a nine-month high, around the $1,942-$1,943 area touched the previous day. The XAU/USD remains on the defensive through the first half of the European session and is currently placed near the daily low, just below the $1,924 level, down nearly 0.70% for the day.
The stochastic indicator shows a Bearish divergence.
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