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Gold Erases Gains, Puts 55-Day SMA At New Risk

Discussion in 'Technical Analysis' started by Kaitlin, Apr 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Monday's intraday rally was extending through the weekly and monthly pivot points at 1,239/41. However, by the end of US session the bears managed to retake the lead and sent the bullion into red. Now the near-term cap is established at those pivots, which is set to renew attempts of[​IMG]

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