Gold today found support in the 100h MA and now it is trading between the channel of 50h and 100h MA. Looking at the daily chart we can see that the metal is finding resistance at the 200d MA, which can provide a correction to 1240 area
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Gold above 1180/oz Gold XAUUSD is trading again in positive territory today for ninth session in the last eleven. US Dollar retracement was seen benefiting dollar-denominated commodities. The price is trading above the 50h MA and above the 100h MA supporting the bullish scenario. MACD and momentum indicators are bullish. First ...
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