TipTVFinance

Gold – 100-DMA could be put to test again!

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold’s rebound from the 100-DMA             support on Friday and a rise to 5-DMA level of $1316 suggests the retreat from Sep 7 high of $$1353 may have run out steam, nevertheless, a failure to take out 5-DMA if followed by a break below Asian session low $1309 could send the metal down to 100-DMA             level of $1304.

Only a day end close above 50-DMA             level of $1332 would signal bearish invalidation.
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