In the gold market, the question for me is, does the market get itself back up and through this high before it comes down to $2358? Or does it not even go to $2358 to get back there? But so far the momentum is pointing down. You are down for the week so far at current levels, 0.12%.
When we look at the chart action, it’s pretty easy to see, that you’ve got lower highs and lower lows, and when we put the swing line on it really shows itself. The battleground is the 18-day average of closes. You fell to it, bounced away, went under it and you went back up to basically challenge it and now the question is can you get back over it?
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