Gold Trades Higher from 20 day Average
Prepared by Jamie Saettele
Gold made an outside week last week which warns of distribution and a potential top. 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. 1381.17 is the 50 day average.
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