Gold Fails To Close Above 10 DMA
Gary Savage | Sep 02, 2015 12:01AM ET
Looking for signs the daily cycle may have bottomed. Gold did complete a swing yesterday, but didn't close strong. It failed to close above the 10 DMA. I need to see some more follow through before I'll be ready to call the cycle bottoms.
Miners also haven't closed above the 10 DMA. It's still too early to call a cycle bottom here also.
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