GOLD - Near-Term Price Action Remains Congested Under 200SMA

Discussion in 'Technical Analysis' started by Kaitlin, Oct 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Near-term price action remains congested after recovery from $1241 low found solid resistance at $1265 and closing of past four days was below 200SMA that currently lies at $1262 and marks significant barrier. The downside is expected to remain under pressure while 200SMA caps, with hourly higher base at $1250,[​IMG]

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