Gold Next Support is 1392
240 Minute Bars
Prepared by Jamie Saettele
I wrote yesterday that “the new high has registered which leaves gold vulnerable. The opening range (for the month) pivots are 1410 and 1446.” Gold has dropped to its opening range low for March and focus is now on the 1390 area. 1393.37 is the 38.2% retracement of the advance from 1308.70 and 1392.20 is a former pivot low.
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