Gold Hanging on to a Rising Trendline Support at 1200

[John David]

There have been lower highs and lower lows. The 4H SMAs are in bearish alignment, and the RSI has held below 60 after tagging below 30. These are signs of a bearish market, at least since late January. http://www.fxpips.com/gold-hanging-rising-trendline-support-1200/