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Gold Closes Below 55-Day SMA, Risks Surge

Discussion in 'Technical Analysis' started by Kaitlin, Apr 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    A sharp drop of gold prices on Friday followed its inability to consolidate above the 1,263 resistance one day before. With prices plunging as low as 1,232 on the last day of the previous week, the bullion created a dangerous precedent by closing below the 55-day SMA for the first[​IMG]

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