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Commodities Briefing - Categorized | Bullion/Gold, Investment, Market Moves more

‘Golden cross’ indicates gold momentum turning more bullish

Posted on 21 September 2012

A “golden cross” formed on spot gold’s price chart gives bullion investors another reason to increase their bullish bets.
On Thursday, gold’s 50-day moving average (DMA) traded above its 200 DMA, which marked a golden cross in technical analysis, indicating bullion’s intermediate and longer-term momentum is getting increasingly bullish………………………………………..Full Article: Source


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