Forex | Forex Strategies | Gold Trading (20/08/2009 20:06:59)

Gold Trading

A somewhat desultory day for gold trading today which ended the trading session in a tight range bounded between the 9 and 40 day moving averages.  Technically today's candle was similar in many respects to yesterday's with a relatively narrow body and lower shadow although today's was less marked than Wednesday's.  The noticeable similarity between the two is the support that gold prices seem to have found from the 40 day moving average, and despite today's marginal fall in spot


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