Downside Pressure Meets Consolidation Gold weakened to a five-day low of $4,106 on Wednesday, once again aligning with the falling trendline representing dynamic resistance. The 20-day moving average near $4,162 was also tested as resistance on Friday and Monday, with price being rejected to the downside. Recent price action relative to those two trend indicators shows continued downward pressure, as resistance has been seen near each. However, there have been no subsequent signs of bearish momentum indicat ...