Gold Loses Shine, But Silver Keeps Running Fast – How Did Prices Move Last Week?
Gold prices have shown some weakness, and its shine looks a little dull for now. On the other hand, silver is moving ahead strongly and continues its upward journey in the bullion market.
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The spot gold technical outlook remains bearish with gold failing to break above the 20-day SMA for the 18th straight trading day. Additionally, the Relative Strength Index (RSI) indicator on the daily chart stays slightly below 50, confirming the view that sellers are looking to remain in control of gold (Yellow Metal) action.
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