Saturday, January 16, 2021

𝐆𝐨𝐥𝐝 𝐏𝐫𝐢𝐜𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: 𝐗𝐀𝐔/𝐔𝐒𝐃 𝐛𝐫𝐞𝐚𝐜𝐡𝐞𝐬 𝟏𝟎𝟎-𝐝𝐚𝐲 𝐒𝐌𝐀 𝐟𝐨𝐫 𝐟𝐢𝐫𝐬𝐭 𝐬𝐢𝐧𝐜𝐞 𝐌𝐚𝐫𝐜𝐡

Gold has found acceptance below the 100-day SMA support. The breakdown is backed by bearish readings on key indicators. A bigger decline may be in the offing. Gold looks south, having breached the widely-tracked 100-day simple moving average (SMA) support...

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