Gold Trendline Resistance from former Lows Starts at 1702
Prepared by Jamie Saettele, CMT
Gold has held up for 3 weeks now but the rally may be failing at the 20 day average. A break below the line that extends off of the September and October lows would warn of a run at the September lows (and 200 day average – currently at 1544).
Trend Strength (M,W,D) – 1, 0, 0
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