Gold weekly chart focused on the 65 week MA. This moving average always acts as a magnet for gold. The last time the dance with the 65 occurred was two years ago. Typically when charts revert back they overshoot. The importance of the RSI maintaining the 50% level is obvious. The last time where this level was a ceiling instead of a floor was the last time gold played with the 65 week MA. This information is for educational and entertainment purposes only--do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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