collected by :kiven Dixter
Gold prices rebounded on Tuesday, as the $ gave up its recent gains, paving the method for higher gold prices. Strong German trade information in conjunction by comments from Eu Central Bank officials buoyed Eurozone yields that pushed gold prices higher. Prices tested resistance near the 50-day moving average near 1,296. Gold Momentum Information Systems AcceleratingNegative momentum Information Systems decelerating & leverage momentum Information Systems taking hold that appears to be pushing the MACD toward a crossover purchas signal. This occurs as the spread (the 12-day exponential moving average minus the 26-day exponential moving average) crosses above the 9-day exponential moving average of the spread.
Gold prices rebounded on Tuesday, as the $ gave up its recent gains, paving the method for higher gold prices. Strong German trade information in conjunction by comments from Eu Central Bank officials buoyed Eurozone yields that pushed gold prices higher. Prices tested resistance near the 50-day moving average near 1,296. Gold Momentum Information Systems AcceleratingNegative momentum Information Systems decelerating & leverage momentum Information Systems taking hold that appears to be pushing the MACD toward a crossover purchas signal. This occurs as the spread (the 12-day exponential moving average minus the 26-day exponential moving average) crosses above the 9-day exponential moving average of the spread.
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