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Gold Price – Trouble Area for This Rally

Jamie Saettele, CMT

DailyFX.com -

Daily

Gold Price – Trouble Area for This Rally
Gold Price – Trouble Area for This Rally

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-There is a lot in the way of gold at current levels, including the 20 day average, a parallel from the July low, and the 10/5 high. With all of the technical consideration up here, don’t dismiss potential for another leg lower. A view of intraday price action reveals a rally that takes the shape of a wedge as well.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk


original source

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