Gold Focus is on January Low
Prepared by Jamie Saettele, CMT
In general, the series of lower lows and lower highs since the 2/29 mini crash may be the beginning of a larger decline. The 20 day average crossed below the 50 yesterday and last Wednesday’s large range bar has finally been broken (to the downside). Look lower towards the January low (1600) as long as price is below 1670.
Bottom Line (next 5 days) – lower
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