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Gold Awaits Consolidation Above 200-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Feb 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    American currency weakened across the board yesterday, while pushing safe-haven prices further to the upside. XAU/USD penetrated 200-day SMA for the first time since October, while nearing the first monthly resistance at 1,143. This supply is strengthened by weekly R2 and 2015 downtrend at 1,145/47. A climb above them will[​IMG]

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