Gold Price – 5th Day in a Row Down from Trendline
13 Sep 2016 18:12, GMTDaily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-Gold has been in a state of indecision since July. Each rally has failed at the trendline and each high has been lower than the prior high. This may need to resolve with a drop towards the low 1960s before broader strength can resume. If price closes above 1355 while maintainin the September low, then action since July can be interpreted as a bullish wedge.
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