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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (18057)	5/4/2016 9:30:55 AM
From: Goose94	Respond to of 205432

Despite Wednesday’s selloff, gold could have room to move a little bit higher before the market sees stronger profit taking, according to analysts at Commerzbank. “It will shortly encounter the 200-week [moving average] at 1324.32. We would allow for some profit taking here, given that we note the new high has not been confirmed by the daily RSI,” they say. “We would allow for some near-term slippage back to the 1245 20-day [moving average]. Provided this support holds, we still favor a recovery and a retest of the topside.” By Neils Christensen