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Gold Charges At 200-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Oct 14, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The price of gold managed to exceed its August maximum early this morning, but further appreciation of the yellow metal seems doubtful. During its latest rally XAU/USD did not encounter any notable resistances, and now it is facing a cluster formed by the 200-day SMA and monthly R2 among others.[​IMG]

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