Gold tests 200/100 hour MAs. Look for support buyers

Technical Analysis

Author: Greg Michalowski | gold

100 and 200 hour MA come in at $1402.73-$1406.04


100 and 200 hour MA come in at $1402.73-$1406.04
The price of gold is moving lower with the higher dollar today. IN the process, the contract is testing its 100 and 200 hour MAs at $1402.73- $1406.04 area.  The low just reached $1404.48. 

I would expect buyers to lean against the area with stops on a break below



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