Find out what is causing the gold markets to continue plunging: Forex Trading
Underneath there, we have a 50-Day EMA that comes into the picture to offer a significant amount of support as well. Anything below they are more likely than not will attract a lot of selling pressure again, as it will be a breakdown of the previous area that was resistance, which you would expect to see as support.On the upside, if the market does turn around, then it’s likely that we could see an attempt to get back to the 200-Day EMA.
Eventually, gold will be a great purchase, but right now it’s a bit much to ask for clarity in this market, as it is very little in the way of clarity and markets overall. Position sizing will be the most crucial thing that you can pay attention to, as the
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