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Gold To Fall Back Below 200-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Oct 20, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    XAU/USD held above the crucial technical level on Friday, namely the 200-day SMA at 1,175. However, in the beginning of the new working week the bullion is losing steam and is highly likely to drop below this important support. This fact may embark on a new bearish trend in the[​IMG]

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