Break the trend line and retest
The white metal is approaching the tops of a bullish flag pattern in the 4-hour chart. Furthermore, the precious metal bounced off the 200-simple moving average (SMA) around $23.09, and rallied $0.50, as the Fed announced the bond taper. Nevertheless, to resume its upward trend, it would need to reclaim the 100-SMA at $23.73 - fxstreet
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