FX & CFD trading involves significant risk
Daily studies bullish as gold moves above the 21-DMA at $1351.80 but remains in rising channel trend drawn from Jan 28. The 5-DMA suggests possible upcoming golden-cross of 21-DMA adding risk to the upside. Resistance seen from the 100-DMA at $1362.40, the former 23.6% Fibonacci level at $1366.30 and the 55-DMA and rising channel top at $1373.8/1376.4. Initial support seen from the 5-DMA at 1347.90.
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