Gold’s 50-day Moving Average

If technical levels matter, they matter in gold.  Check out how it was rejected both Thursday and Friday right at the 50-day moving average.

Looks like gold is about to break either way.  We’ll wait for confirmation.  Could the Bank of Japan be the catalyst?

Jan18_Gold

(click here if chart is not observable)

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2 Responses to Gold’s 50-day Moving Average

  1. rod says:

    Since gold looks good at this inflection point, would platinum be even better considering supply and demand? What say?

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