December 27, 2016

Gold reversal attempt finding resistance

  • Gold tried to move above the falling resistance line But met with resistance at higher levels.
  • Price has manged to stay above 50 Period SMA largely because of the sideways move. 
  • For a Bigger reversal to happen Gold need to close above 1144 levels in bigger time frames. Weakness resumes below 1128 and 1124 levels.

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