Magnelibra Trading & Research

Magnelibra Trading & Research

Gold Bulls Being Tested

Equities Bounce

Mike Agne's avatar
Mike Agne
Sep 09, 2020
∙ Paid

With everything backing up and gold trading $1933 which is down $156 off the highs or 7.4% it seems the technical’s are trying to hold and all of them right now converging around the $1924 area, which happens to be the old high from earlier in the last decade:

As far as the early trade, seems like technical’s are working off some minor oversold conditions here as equities are holding being led by the Nasdaq, (Tradingview data)

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