Forex-tips.ca brings you everything about forex!|Friday, November 16, 2018
You are here: Home » Gold Analysis » Gold Value Will get Trumped

Gold Value Will get Trumped 

eliottWaves_gold_body_gold

Day-to-day

Gold Price Gets Trumped

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“The big development in gold would be a break through the 2011-2012 trendline, which was resistance from June to September.” The trendline was resistance again on Tuesday. Needless to say, price is back below the 200 day average and near term focus is lower. The intersection of slope and the May low (1200) looks like a magnet.

Powered by WPeMatico

Add a Comment

*

Current day month ye@r *

Email
Print