Gold To Be Pressed Down By 100-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Jan 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Last Friday the precious metal formed a long lower shadow candlestick, meaning the bears failed to hold to daily gains. Initially they were managing to push prices down to 1,092 (Jan 7 open), but it eventually closed trading near Oct 2015 low at 1,104. We see 100-day SMA (1,108) as[​IMG]

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