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Gold Reclaims 200-day SMA After Bouncing Off 5-month Low

Gold Reclaims 200-day SMA After Bouncing Off 5-month Low
Gold had been experiencing a strong pullback following its recent peak at 1,987, with the price falling to a fresh five-month low of 1,884. However, bullion managed to find its footing and recoup some losses, jumping back above the crucial 200-day simple moving average (SMA). The momentum indicators currently suggest that bearish forces are fading but remain […] The post Gold Reclaims 200-day SMA After Bouncing Off 5-month Low appeared first on Action Forex... Read More
Posted: Aug 28 2023, 08:05
Author Name: actionforex
Views: 110813

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