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Gold Breaks Below 20 day Average

Daily Bars

Prepared by Jamie Saettele

There are signs that this gold reversal is 'for real'. For one, each successive peak since October sports divergence with RSI. The latest top was also accompanied by several bearish candle patterns (doji and bearish engulfing). After several false starts, gold is again below its 20 day average and focus is now on the multi month low of 1317.10.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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