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Gold Attempts To Retake July Low At 1,070

Discussion in 'Technical Analysis' started by Kaitlin, Dec 1, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Disappointing statistics on Chicago PMI and US pending home sales dragged American equity markets lower on Monday, which consequently supported the safe-haven commodity. Gold was pushed above the weekly pivot point at 1,063 yesterday, and today's rally is already being extended above July low of 1,070. Closure above the latter[​IMG]

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