Gold through 200 Day Moving Average – could next stop be $1200

 

Lawrie Williams

New York trading yesterday took gold up past its 200 day moving average and it was sitting at well over $1180 at the time of writing and potentially trending higher with short covering coming in with the moving average breach, coupled with a weaker dollar, poor US retail sales figures, equity market weakness in Europe and Asia and the S&P and the Dow opening in the red today, and falling.

This is an excerpt from an article I published on info.sharpspixley.com so to read the full article click HERE

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