Gold Testing 200-Day MA

04/22/2009 11:04 am EST


Thomas Aspray

, Professional Trader & Analyst


The June gold contract has been testing its 200-day MA for the past two weeks, but so far has not closed below it. The 50% support level is now at $850, with the 61.8% at $813. The first positive sign for gold would be a close back above $900, and a move above the 50-day MA at $926 would be bullish.

Related Articles on COMMODITIES

Keyword Image
4 Gold Mining Turnarounds
03/19/2018 5:00 am EST

We recognize that we can’t predict the price of gold. Rather, we view gold mining companies th...