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Gold Attempts To Build Up Bearish Potential

Discussion in 'Technical Analysis' started by Kaitlin, Sep 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Following a non-volatile trading session on Monday, Gold managed to tap at the top trend-line of the three-month descending triangle at 1339.83. XAU/USD is currently approaching 1332.22, the 55-day SMA which will then shift the risk to 1329.53 if broken. The senior wedge bottom trend-line is likely to limit the[​IMG]

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