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55-Day SMA Acts As Major Support For Gold

Discussion in 'Technical Analysis' started by Kaitlin, Apr 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Price lows of April 14-15 were touching the 55-day SMA, but the bears were far from being successful to close XAU/USD below this vital support line. On Friday gold commenced a recovery up to 1,234 and the rally continues taking place on the April 18 morning. We see short-term gains[​IMG]

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