Forex | Forex | Gold Trading Analysis 24 Aug 2009 (24/08/2009 22:27:26)

Gold Trading Analysis 24 Aug 2009

The pullback outlined in yesterday's gold trading post arrived today with some force on the daily gold trading chart, ending the trading session with a wide spread down candle which closed below the 9 day and 14 day moving averages, but which seemed to find some support from the 40 day moving average once again. However, today's gold trading price action is concerning for gold bulls for several reasons. Firstly as discussed yesterday, any failure at the $955 price level would indicate that the


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