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Gold: Breaks 50-Day EMA as Risk Appetite Rises
I am a buyer of gold on a drop to the $3200 level, with a stop loss at the $3175 level, aiming for a return to the $3500 level. Keep in mind this is a swing trade, see you will need to be very patient. The alternative scenario is that we get a daily close above the high of the Friday candlestick, then I would be a buyer at that point and aim for the $3500 level, with a stop loss just below the 50 Day EMA. The gold market has fallen quite a bit during the trading session on Friday, to break down below the crucial 50 Day EMA. Ultimately, the gold market has been a bit sluggish over the last couple of weeks, and the ... (full story)
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- Jun 30, 2025 5:02am Posted byTechnical Analysis276
