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Gold is running higher after weaker NFP data

Discussion in 'Technical Analysis' started by ForexLive, Jun 3, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Back above the 100 day MA Gold has moved higher after the weaker US NFP report and as the dollar gets hammered. Technically the precious metal is back above the 100 day MA at the 1222.84 level. The 38.2% of the move down from the May high is being approached at 1239.54. A move above looks toward the 1251.81 (50%).

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