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Gold tumbles. Looks to test the July and 2015 lows

Discussion in 'Technical Analysis' started by ForexLive, Nov 13, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Last 12 day, has seen 11 down days Gold is tumbling once again. Looking at my chart, today would be the 11th of 12th down day. Ouch. The price peaked near the 50% of the move down from the January 2015 high at the 1189.07 (the high reached 1191.21). The fall, has seen the price move back below the 200 and 100 day MAs and a lower trend line along the way.

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