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Gold To Take Another Shot At 55/100-Day SMAs

Discussion in 'Technical Analysis' started by Kaitlin, Nov 2, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    On Friday the bullion decided to continue trading with somewhat bearish bias, but no decisive attempts to breach 55 and 100-day moving averages took place. In the morning on Monday, however, gold slumped down to 1,134 (Oct 6 low), but has recovered since then. We are waiting for additional attempts[​IMG]

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