1. Hello Guest Click here to check FX Binary Point Financial Directory

Gold's Bulls Are Penetrating Two-Month Downtrend

Discussion in 'Technical Analysis' started by Kaitlin, Jan 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Risk-averse sentiment among market participants made the precious metal increasingly buoyant on Monday. After piercing through the Nov-Dec downtrend line, gold approached a vital resistance in face of the weekly R2, monthly R1, upper Bollinger band and 55-day SMA at 1,084. However, the daily close was fixed around 1,075 and[​IMG]

    Continue reading...

Share This Page