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Gold In Limbo Near 1,340 On Friday

Discussion in 'Technical Analysis' started by Kaitlin, Aug 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The yellow metal did not manage to break the resistance put up by the weekly and monthly pivot points around the level of 1,345, as the commodity price fell just below the 20-day SMA at 1,338.56. On Friday morning, by 5:30 GMT the bullion had bounced above the simple moving[​IMG]

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