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Gold Risks Retreating Down To 1,250 Zone

Discussion in 'Technical Analysis' started by Kaitlin, May 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    While provided with massive downside momentum around the weekly pivot point and monthly R1 at 1,286/87, the bullion was sold-off at the steepest pace since late-March. The spot closed below the weekly S1 (1,269.33) and the April 29 low, thereby shifting expectations further down. In case the 20-day SMA fails[​IMG]

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