UPDATE: Gold Sitting at Equilibrium

GOLD-9-22-20

GOLD

This is a quick update from my post on Friday

Gold broke down from its pennant yesterday and hit its first support at ~$1880. Price remains in a bull flag, but a break below $1875 should see a quick drop to $1800, which would be a backtest of the entire breakout.

GOLD-9-22-20

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About the author

I am the founder of fibonacci.com and an avid trader. I am also the co-founder of Texas Precious Metals, a top US precious metals company. In 2006 I was a contestant on The Apprentice with future president, Donald Trump. I live in Coeur D'Alene, Idaho, with my wife and five children, where I spend my time hiking, charting, and changing diapers.

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