Gold Short Term Channel Defines Trend – Focus is on 1740
300 Minute Bars
Prepared by Jamie Saettele, CMT
Gold has held up for 2 weeks now. As long as price is within the bullish channel forming from the low, favor the upside towards the 100% extension of the rally from the low at 1742. Watch the channel line of course as well for support and resistance.
Trend Strength (M,W,D) – 1, 0, 0
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