Gold Breaks Out Of Bearish Channel

Discussion in 'Technical Analysis' started by Kaitlin, Apr 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    It seems that the 55-day SMA (1,216.61) is finally starting to have a greater influence on the bullion. Without touching this line, XAU/USD decided to start a confident recovery on Monday morning after the previous week of indecisiveness. Gold is soaring through both the monthly pivot point (1,241.50) and the[​IMG]

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