January 14, 2015

GOLD at 200 Day SMA

  • Gold daily is testing 200 Day SMA
  • Price is also testing previous support area around 1240 - 50 which may act as resistance.
  • The current pattern in daily chart looks like an ascending Triangle pattern. So this may work in favor of Gold bulls If the fall is limited to the rising support line of the pattern.




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1 comment:

  1. Rahul SolankiJanuary 15, 2015 at 3:42 PM

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