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Gold: Markets Continue to Stabilize

From dailyforex.com

Gold markets fluctuated during the trading session on Tuesday as we mimick what happened on Monday. After all, we had completely collapsed before, but it seems as if the market is trying to figure out what to do with itself just above the 200-day EMA. The 200-day EMA is quite often used by long-term traders to determine where the trend is going. As long as we can stay above the 200-day EMA, there is going to be a certain amount of buying based upon that alone. The gold market is highly sensitive to the US dollar, which has been sold off rather drastically in general. However, recently, we have seen the yields in the ... (full story)

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  • Category: Technical Analysis