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Gold Resisted By 55-Day SMA From Below

Discussion in 'Technical Analysis' started by Kaitlin, May 20, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Gold prices continued to diminish on Thursday, as the weekly S1 at 1,257.01 was successfully confirmed. However, when the bullion reached the 55-day SMA and attempted to breach this line, it was immediately rejected and sent back to the upside. The session closed with a decent bullish comeback. Nevertheless, the[​IMG]

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