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Gold Leaves Support Eroded At 1,147

Discussion in 'Technical Analysis' started by Kaitlin, Oct 30, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    US Dollar continued to strengthen at the expense of gold prices on Thursday. XAU/USD slumped below 1,150 and erased the monthly R1/weekly S2 at 1,147/46. The bullion is required to consolidate below both of them and start testing 55/100-day SMAs at 1,140 in the nearest future, in order to underpin[​IMG]

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