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Gold Price Moving Average Cross and Hold

Gold Price Moving Average Cross and Hold

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“There are 2 levels to be aware of for possible resistance in gold; 1219 (38.2%) and near 1250 (50% and former support…including Brexit day low)… gold held the 20 and 55 day averages, which exhibit a positive cross. This dynamic (positive cross and the averages holding support) has happened several times over the last year and each time led to solid gains.

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

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