Gold Price Key Reversal at 200 Day Average; Watch 1236

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Gold continues to trade around 1350 (Brexit low) and I’d continue to pay attention to the 61.8% of the drop from the 2016 high and 2 equal legs up from December cluster at 1277/79. However, a key reversal formed on Monday and high is right at the 200 day average. Trendline support is near 1236.