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Gold Surges To 1,249 On Tuesday

Discussion in 'Technical Analysis' started by Kaitlin, Jun 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The bullion broke the resistance put up by 55-day simple moving average at 1,244.60 and booked gains on Tuesday. The yellow metal started day's trading at 1,243.85 and touched the 1,249.15 level. At the moment, gold is trading at 1,248.34 against the US Dollar. In the meantime, the metal faces[​IMG]

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    The move to the upside continues today too. I think it will reach the resistance at 1280 again eventually.
     

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