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Gold Supported at 20 day Average

Weekly Bars

Prepared by Jamie Saettele

Gold has made an outside week, further bolstering the near term bearish bias. Price is holding its 20 day average but a break would shift focus to the 1380/90 area. 1393.37 is the 38.2% retracement of the advance from 1308.70 and 1392.20 is a former pivot low. 1380 is the 50 day average.

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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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