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Gold Prices Struggle Near Important Resistance

Discussion in 'Technical Analysis' started by Kaitlin, Feb 3, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Although short-term ascending trend-line depicts the Gold price bounce from $1050-45 area, also favors continuation of its upside, the metal prices currently trades around 200-day SMA, important resistance of $1130-31, which can pull the bullion prices back to its $1118 trend-line support, which if broken, can drag the yellow metal[​IMG]

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