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Breaking news

British Pound surges after UK exit poll shows Conservatives expected to win 368 seats out of 650

Gold 03-04

Gold 03-04

2010-03-04 15:47:00
Jamie Saettele, CMT, Sr. Technical Strategist
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 gold0304

 

No change: “Gold has traded sideways since December and appears to be building a bullish base.  Specifically, the base could be a complex head and shoulders (the head itself is a head and shoulders).  In order to complete the pattern, gold would sell off once more towards 1075 before finding a right shoulder low.”

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum.  He is the author of Sentiment in the Forex Market.  Follow his intraday market commentary and trades at DailyFX Forex Stream.   Send requests to receive his reports via email to jsaettele@dailyfx.com.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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