On the daily charts, gold was higher and broke through the $1300 psychological barrier resistance, but then the gold rally at the 50 day moving average at around $1316.11 has encountered resistance, gold is still in testing the resistance.
Days, support near $1300.12 200 day, 5 day and 10 day moving average cross, 100 day moving average at the subsequent near $1284.60; 50 day moving average resistance near $1316.11 and $1320.81, stronger resistance at 1588.61-1180.21 near $61.8% Fibonacci retracement of the $1335.26.


Thread: 
Thanks


Currently Active Users
Forex Forum India Statistics