Gold is currently selling for $4,396 on the 4-hour chart, and although price is above the rising trendline that has been a recovery aid for August, it is currently trading in the middle of a sideways consolidation. Price is comfortably trading above the 50-EMA, which is around $4,341, as well as the 100-EMA, which is around $4,266. The recent price action shows consolidation around the resistance area of $4,448, after a few price attempts to move higher. A rebound from the rising trendline shows that bulls ...