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Technical Talk: Gold Lingers Below 100 Day EMA
(15 Nov 2019, 18:12)
COMEX Gold futures eased from its one week high yesterday and are currently facing a stiff resistance around its 100 day Exponential Moving Average (EMA), placed at $1470 per ounce. The yellow metal had dropped to three month low earlier in the week before edging up as lower Bollinger Bands provided support. However, the Relative Strength Index (RSI) is at 41 mark and is turning lower. The counter needs to hold above $1470 level to see sustained gains.

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