Trade FOREX with FXCM

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


Gold Testing Tried and True Meridian Line

By , Sr. Technical Strategist
05 February 2014 00:30 GMT


eliottWaves_gold_body_Picture_3.png, Gold Testing Tried and True Meridian Line

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“The yellow metal is leading the way with respect to risk aversion and the move above trendline resistance may indicate a shift towards risk aversion.”

-1231 remains the trend defining level. A drop below would open up 1219 and perhaps 1206 as part of a larger bottoming process at best and continuation of the long term downtrend at worse.

LEVELS: 1219 1231 1244 | 1260 1270 1279

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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

05 February 2014 00:30 GMT