January 17, 2012

GOLD retraces to 200 SMA

  • Gold testing its 200 SMA.
  • Price is also approaching a resistance line.
  • If gold manage to breakout above 200 SMA price need to sustain above the resistance line too for a sustained up move to happen.
  • Price is more likely to correct from the resistance line.
  • DOW JONES WEEKEND UPDATE
  • SPY WEEKEND UPDATE

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