Source : Business Insider
Everyone is talking about this event, even people who don't normally think technical analysis is a big deal.
Well, forget the 200-day, according to Ron Griess of The Chart Store it's the 300-day moving average that's really proved to be a big support line for gold.
Here's the chart.
(And for what it's worth, the current 300-day moving average right now is somewhere around $1538/oz.)
Read more: http://www.businessinsider.com/chart-of-the-day-gold-vs-the-300-day-moving-average-2011-12#ixzz1gu1vtp5b
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