Sentences with phrase «weaker bullish momentum»
The 100 SMA is still above the longer - term 200 SMA so the path of least resistance is to the upside, but the gap between the two is narrowing to reflect weaker bullish momentum.
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Since gold is often viewed as a «flight to safety» play when stocks are weak, it's likely that bullish momentum in $ GLD will continue in the near to intermediate - term.