Gold eyes support at $1239
Gold’s fourth failure to hold above 200-DMA in two weeks, despite US-Syria tensions coupled with the fact that Friday’s daily close was below 200-DMA suggests the prices could be heading lower to support at $1239.
On a larger scheme of things, the outlook would turn bearish only after a daily close below $1239.
On a larger scheme of things, the outlook would turn bearish only after a daily close below $1239.
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