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From the 4-Hourly charts we could see that gold had fallen below the 200 SMA for the very first time since 8th July with 20/50 EMA crossover on the hourly charts which indicates that 200SMA could act as a major resistance point. In the last post we had seen that 1900$ is acting as a strong resistance on the gold EOD charts with double bottom on the EOD charts. In coming days 1800-1817 band should act as a strong region with the 50 day EMA moving average could be the critical point of resistance on the 4 hourly charts
