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Gold Price Forecast: Consolidates Between Major Moving Averages – FX Empire

Range limit until moving average is broken In this week's price action, gold prices are contained between resistance near the 20-day moving average at 2,719 and support near the 50-day moving average at 2,643. This could lead to further consolidation between the two moving averages or a move through one of the price levels. Notice […]

Gold Price Forecast: Struggles Below Key Moving Averages – FX Empire

Resistance is again seen at the 20-day moving average Looking ahead to next week, unless gold can break above this week’s high of 2,340, prices will likely fall. The 20-day moving average fell below the 50-day moving average three weeks ago, signaling a bearish trend. Additionally, the 50-day moving average has acted as resistance all […]