Tag «MARKET CHARTS»

MARKET CHARTS WITH NOTES: Umesh Shanmugam

Gold: Gold made a low of $1672.90 last week, a little above its 200 DMA, which was then positioned at $1662, to close the week at just under its 50 DMA at $ 1730.30. The pullback from the recent low of $1672.90 is reactive in nature. Gold could above $1700 but below its 50 DMA …