Gold Daily Chart Analysis
Gold Daily Chart Analysis; Gold prices on daily line chart are now getting resistance from the support line. Although prices are trading above 9, 21 and 45 days SMA (Simple Moving Averages), but until prices closes above $ 1274 on daily chart, positive break out can not be considered. Selling with CBSL of $1274, looks good risk reward trade in Gold. On daily price closing below $1241, the 9 days SMA will further weak prices, whereas closing above $ 1274 will strengthen the prices till $1293 levels.