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Gold Price 200 Day Average is Still Providing Resistance

Gold Price 200 Day Average is Still Providing Resistance

2017-03-28 19:55:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Gold Price 200 Day Average is Still Providing Resistance

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-Watch 1219 for support in gold now but realize that price is still under the 200 day average (resistance on Monday in fact). A push through the average would contribute to the broader constructive outlook and shift focus to 1278 (61.8% retracement from 2016 decline).

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