Gold advanced higher last week, and technically has cleared some important moving averages. Moving averages are technical indicators that highlight longer term trends or cycles by smoothing out the data, over a specific period of time. The popular moving averages include the simple 50, 100, and 200 day moving average. Below is a daily chart of $GOLD, showing technical strength by trading above those 50, 100, and 200 moving averages. Thank you for reading.
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