Gold is now trading right at the 200SMA. General rule is you want to stay away from anything trading below the 200SMA, so let's see how it goes from here.
Short-term support now is $1,133 and short-term resistance is $1,144.
Chart H8, XAUUSD
Tuesday, August 25, 2015
Gold Sell-Off
The yellow metal lost some of its shine today due to a stronger US dollar and technical gold bears. The price of Gold slipped with some $18.00 today (1.56%) and is currently trading at $1,136-$1,137. The resistance line was reached several time by the precious metal but only to go back below it.
Gold is now trading right at the 200SMA. General rule is you want to stay away from anything trading below the 200SMA, so let's see how it goes from here.
Short-term support now is $1,133 and short-term resistance is $1,144.
Chart H8, XAUUSD
Gold is now trading right at the 200SMA. General rule is you want to stay away from anything trading below the 200SMA, so let's see how it goes from here.
Short-term support now is $1,133 and short-term resistance is $1,144.
Chart H8, XAUUSD
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Thanks for this information!
ReplyDeleteSell's off as markets recover from the black Monday!
ReplyDeletevery useful information. thank you.
ReplyDelete