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Gold Price 200 Day Average is Still Providing Resistance

Jamie Saettele, CMT

DailyFX.com -

Daily

Gold Price 200 Day Average is Still Providing Resistance
Gold Price 200 Day Average is Still Providing Resistance

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-Watch 1219 for support in gold now but realize that price is still under the 200 day average (resistance on Monday in fact). A push through the average would contribute to the broader constructive outlook and shift focus to 1278 (61.8% retracement from 2016 decline).


original source

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