Despite Wednesday's sell-off to a low of $1264.40, the subsequent rebound in the Asian session today in the wake of upward sloping 5-DMA and 10-DMA suggests prices could revisit previous day's high of $1276/Oz levels.
On the downside, only a break below the 10-DMA level of $1263 would expose $1253 (38.2% of 2011 high - 2015 low).
On the downside, only a break below the 10-DMA level of $1263 would expose $1253 (38.2% of 2011 high - 2015 low).
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.