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Gold – Trades below monthly 50-MA
Gold Spot / U.S. Dollar
Gold – Trades below monthly 50-MA
By TipTVFinance
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Sep 1, 2016
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Sep 1, 2016
Gold ended August below monthly 50-MA after having failed to take out long-term falling trend line resistance.
Prices currently trade below monthly 50-MA and monthly 5-MA seen at $1312 and $1300 levels.
Congestion is likely as investors are seen sitting on the sidelines ahead of the August non-farm payrolls data due for release tomorrow.
Commodities
Gold
Metals
trading
XAUUSD
TipTVFinance
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