Gold rebounds today to the midpoint of the last move lower
Summary
By sueyangfx.com October 01, 2020 at 09:06PM 50% at $1911.20 The price of gold rebounded today, helped by a lower dollar and some technical buyers. The price at the lows tried to extend below the 200 hour MA in the […]
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October 01, 2020 at 09:06PM
50% at $1911.20
The price of gold rebounded today, helped by a lower dollar and some technical buyers.
The price at the lows tried to extend below the 200 hour MA in the early hours of the day, but could not sustain momentum (green line). The subsequent move higher was able to extend back above the 38.2%