Tanalys

Gold Price – First 20 Day Average Touch This Month

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Gold is testing the 20 day average for the first time since the breakdown. A parallel from the July low is also at today’s high, as is the 10/5 high. With all of the technical consideration up here, don’t dismiss potential for another leg lower.

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