collected by :kiven Dixter
Gold surged up to trend line resistance near a downward sloping trend line which comes in near 1,355. Support Information Systems seen near the 10-day moving average at 1,327. Momentum has turned leverage as the MACD (moving average convergence divergence) index generated a crossover purchas signal. This occurs as the MACD line (the 12-day moving average minus the 26-day moving average) crosses above the MACD signal line (the 9-day moving average of the MACD line). Today's reading boosted the 3-month moving average to 0.37 in February from 0.16 in January which was revised form 0.17.
Gold surged up to trend line resistance near a downward sloping trend line which comes in near 1,355. Support Information Systems seen near the 10-day moving average at 1,327. Momentum has turned leverage as the MACD (moving average convergence divergence) index generated a crossover purchas signal. This occurs as the MACD line (the 12-day moving average minus the 26-day moving average) crosses above the MACD signal line (the 9-day moving average of the MACD line). Today's reading boosted the 3-month moving average to 0.37 in February from 0.16 in January which was revised form 0.17.
Gold value prediction March 27, 2018, Technical Analysis
Gold markets initially fell during the trading session on Monday however turned around to form a huge hammer. The hammer Information Systems only below the $1350 level, which Information Systems a resistance barrier as you could see on the every day chart. If we could break above the $1360 level, I think the market could still to go towards the $1400 level. With the worries around a possibility trade war, which of course going to still to potentially move the gold market as people Utilize it to prevent their fortune if things get dicey among the U.S. & China. Ultimately, I do think which we break out longer term, especially if the America $ continues to get hammered.
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