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Gold Sees Rising Upside Risks From 100-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, May 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Prices of gold continued to slide down for the sixth consecutive day on Wednesday. However, after probing the 1,218 mark, which is placed just above the weekly S2 and 100-day SMA, the bullion decided to pull back and finish the session at 1,223. Risks of an upward correction are growing,[​IMG]

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