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Gold Turns Positive Amid 55-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, May 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Friday was the second day in a row when gold prices failed to slide below the 55-day moving average line, currently placed at 1,249.95. As a result of that, we observe growing probability of a recovery in the short-term. The bullion will face the first resistance at 1,261/62, the level[​IMG]

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