Trade FOREX with FXCM

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


Gold Rally is Stretched in Near Term

By , Sr. Technical Strategist
25 February 2014 21:59 GMT


eliottWaves_gold_body_Picture_3.png, Gold Rally is Stretched in  Near Term

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-The rally in recent days may represent a final push before a pullback towards former resistance at 1279. Watch 1352-1362 for resistance if reached.

-The October high rests at 1362. This level intersects the line that extends off of the October and November 2012 highs in early March (next week).

LEVELS: 1307 1317 1331 | 1352 1362 1375

--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

25 February 2014 21:59 GMT