Wednesday, January 27, 2016

Gold nears its 200 day EMA

The 200 period exponential moving average could work as a very good support or resistance zone, especially on the higher timeframes. On the daily chart of gold we can see that the price is getting near the 200 day exponential moving average or EMA. According to the chart, the price has not visited that moving average in a long time; therefore, it is possible to see a bearish bounce from there if the price reaches the 1128 zone. To the downside, the 1113 level could act as support.


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8 comments:

  1. UnknownJan 27, 2016, 3:15:00 PM

    Great analysis, thank you.

    ReplyDelete
  2. UnknownJan 27, 2016, 4:03:00 PM

    Very accurate analysis!

    ReplyDelete
  3. UnknownJan 28, 2016, 9:17:00 AM

    Thanks for such an informative analysis.

    ReplyDelete
  4. UnknownJan 28, 2016, 12:38:00 PM

    It seems it found some resistance at 1128.

    ReplyDelete
  5. UnknownJan 28, 2016, 2:37:00 PM

    Today gold futures marked a fresh three-month high at $1,123.90 per troy ounce, bouncing from an intraday low at $1.114.80.

    ReplyDelete
  6. UnknownJan 29, 2016, 8:41:00 AM

    Gold seems in the consolidation mood.

    ReplyDelete
  7. RozenJan 31, 2016, 11:10:00 AM

    Interesting post.

    ReplyDelete
  8. UnknownJan 31, 2016, 2:58:00 PM

    Excellent analysis, thanks for sharing.

    ReplyDelete

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