look at these levels closely and follow price action candle stick formations right at these levels. Gold will either bounce and continue higher or it may just penetrate through and retest for a selling opportunity. So these are the areas for now we ...
I try to use MAs for trend identification purpose and also for entry. They work only in trending markets but they still work in choppy markets as good support and resistance points. Here is a snapshot of cable. You can understand what I have to say.