Gold has been looking interesting for a couple weeks now.
Price broke the 20 and 50 day moving averages, and gave a MA crossover mid last month.
Currently we're testing resistance at the 200 period moving average. Expecting a pull back to trend line. This level has confluence of 20 day moving average, trend line and horizontal support.
If we can break the 200 daily moving average I will be looking for a long term up-trend to start in Gold prices.
Price broke the 20 and 50 day moving averages, and gave a MA crossover mid last month.
Currently we're testing resistance at the 200 period moving average. Expecting a pull back to trend line. This level has confluence of 20 day moving average, trend line and horizontal support.
If we can break the 200 daily moving average I will be looking for a long term up-trend to start in Gold prices.
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Kevin_Lomax
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