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Gold Awaits Bearish Momentum From 200-Day MA

Discussion in 'Technical Analysis' started by Kaitlin, Feb 3, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Risks for gold are skewed to the downside, as the XAU/USD cross is hovering just around an extremely important resistance, namely 200-day SMA at 1,129. To consolidate above it, gold will also have to erase both the weekly R1 and Dec-Jan uptrend at 1,131/33. Such a scenario will become a[​IMG]

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