The gold price kept falling this morning and went and tested its 150 daily moving average. Something we thought might happen yesterday:
The 150 DMA stands at $1604 which should offer up some decent support should we trade that low.
After the initial sell-off spike lower back on September 26th we re-tested the 150DMA on the 29th September and again this morning:
Already the gold price has bounced off the 150DMA and is now back trading around $1620. We’re now set-up for an interesting final trading day of the week tomorrow – as long as that 150DMA holds look for gold to march back to the top of its box throughout next week.
The 150 DMA stands at $1604 which should offer up some decent support should we trade that low.
After the initial sell-off spike lower back on September 26th we re-tested the 150DMA on the 29th September and again this morning:
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