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Gold Trades Range Bound Above 100-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Oct 9, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    On Tuesday and Wednesday the bullion repeated development seen on Friday and Monday, respectively. Following a strong advance two days ago, gold remained broadly unchanged in the past 24 hours. It seems that narrow trading boundaries are being built by the monthly R1 at 1,147 and 100-day SMA, currently at[​IMG]

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