Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

Gold Near Term Objective Zone is 1295-1319

By , Sr. Technical Strategist
09 July 2013 23:17 GMT

4Hour

eliottWaves_gold_body_gold.png, Gold Near Term Objective Zone is 1295-1319

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

Commodity Analysis: “Gold’s rally from the June low is impulsive and the decline from 1267 is corrective. That information is reason enough to be bullish for a move above 1267. A move through the high opens up 1295 (2 equal legs from the low) and 1319 (161.8%). Friday’s FX Technical weekly provides additional details.” 1223 is now support.

Commodity Trading Strategy: Triggered long last week at 1215…stop moved up to 1208.

LEVELS: 1180 1208 1223 1267 1295 1319

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

09 July 2013 23:17 GMT