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Gold tumbles. Moves away from moving averages.

Discussion in 'Technical Analysis' started by ForexLive, Oct 22, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Finds support near lower trend line support Gold took a quick tumble lower for no apparent fundamental reason. Technically, the pair had been consolidating with the 100 hour MA at the 1176.63 level, the 200 day MA not far away at 1175.29 and the 100 and 200 bar MA on the 5 minute chart near those levels as well (see 5 minute chart and overlays of MAs)

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