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Gold Trading Around 1,340 On Monday

Discussion in 'Technical Analysis' started by Kaitlin, Aug 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The yellow metal approached the resistance cluster made up of the weekly and monthly pivot points respectively at 1,340.78 and 1,345.31, as the metal's price was at 1,338.90 by 5:30 GMT. Gold will be pushed onto the resistance levels by the 20-day SMA, which was at 1,338.34 by 5:30 GMT[​IMG]

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