Gold ended August below monthly 50-MA after having failed to take out long-term falling trend line resistance.
Prices currently trade below monthly 50-MA and monthly 5-MA seen at $1312 and $1300 levels.
Congestion is likely as investors are seen sitting on the sidelines ahead of the August non-farm payrolls data due for release tomorrow.
Prices currently trade below monthly 50-MA and monthly 5-MA seen at $1312 and $1300 levels.
Congestion is likely as investors are seen sitting on the sidelines ahead of the August non-farm payrolls data due for release tomorrow.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.