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DannyBly

Key Inflection Level in Spot Gold?

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Gold back at 6-month highs after Bank of Japan stimulus -

 

Looking at the daily chart we can see that Spot Gold (XAU/USD) is trading right at resistance of the major downtrend line and also that MACD is close to the zero line.

 

Chart courtesy of Oanda

 

xauusd91912.jpg

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Gold back at 6-month highs after Bank of Japan stimulus -

 

Looking at the daily chart we can see that Spot Gold (XAU/USD) is trading right at resistance of the major downtrend line and also that MACD is close to the zero line.

 

Chart courtesy of Oanda

 

xauusd91912.jpg

 

Hi Dannyboy

What are you saying?

regards

bobc

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