Aug High Povides Strong Support For Gold

Discussion in 'Technical Analysis' started by Kaitlin, Oct 22, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    In the beginning of Tuesday the yellow metal was actively testing the Aug high at 1,170, while a decline below this mark could expose the next demand as low as 1,155. However, the bullion revived later in the day to show confident gains up to the 200-day SMA at 1,175.[​IMG]

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