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Gold Rally is Stretched in Near Term

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

Daily

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.

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25 February 2014 21:59 GMT