Gold Supported at 20 day Average
Prepared by Jamie Saettele
Gold has made an outside week, further bolstering the near term bearish bias. Price is holding its 20 day average but a break would shift focus to the 1380/90 area. 1393.37 is the 38.2% retracement of the advance from 1308.70 and 1392.20 is a former pivot low. 1380 is the 50 day average.
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