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Gold Hits 55-Day SMA, Eyes Rebound From Here

Discussion in 'Technical Analysis' started by Kaitlin, Apr 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The bullion posted another ultra-negative session on Thursday, by slumping as low as 1,229 by the end of US trading. Yesterday it eroded the weekly pivot point and the 20-day SMA resting around 1,232/35, thereby refocusing our attention to the formidable demand is face of the 55-day SMA at 1,225.[​IMG]

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