Яндекс.Метрика Gold trades between 100 and 200 hour MAs. Look for sellers against the 100 hour MA now. – Technologies of the future for life!
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Gold trades between 100 and 200 hour MAs. Look for sellers against the 100 hour MA now.


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200 hour MA helped stall the fall.

Stocks and bond yields move higher on less US/China tension and gold falls.  That is the story.

However, there tumble lower today has been able to find support buyers near the 200 hour moving average at $1478.03. The low for the day reached $1480 and bounced. 
The bounce has taken the price back toward its 100 hour moving average currently at $1503.72
I would expect that sellers would look to enter on the test of the 100 hour MA NOW, with a risk on a momentum move back above the moving average level.    

ForexLive

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