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Gold Closes Above 1,230 As Bearish Risks Stay

Discussion in 'Technical Analysis' started by Kaitlin, Apr 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    On Tuesday gold prices soared for the first time in three days, as bullish action pushed the spot beyond 1,230. The price closed slightly above it, namely the 20-day SMA, but another downside correction is highly possible today, given that daily technical indicators are short. A lot depends on the[​IMG]

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