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Gold Price – First 20 Day Average Touch This Month

Gold Price – First 20 Day Average Touch This Month

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Gold Price – First 20 Day Average Touch This Month

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Gold is testing the 20 day average for the first time since the breakdown. A parallel from the July low is also at today’s high, as is the 10/5 high. With all of the technical consideration up here, don’t dismiss potential for another leg lower.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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