Trade FOREX with FXCM

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

Resources

Gold Breaks Through 1400; June High at 1424

By , Sr. Technical Strategist
26 August 2013 22:25 GMT

Daily

eliottWaves_gold_1_body_gold.png, Gold Breaks Through 1400; June High at 1424

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

Commodity Analysis: Gold has broken through the zone of consolidation that took place in mid-June and a confluence of trendlines. Focus now shifts to the June high at 1424.

Commodity Trading Strategy: Need a pullback from if want to participate on the long side. Look for a higher low above 1352. 1380-90 is now support.

LEVELS: 1352 1369 1389 1424 1440 1488

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

26 August 2013 22:25 GMT