Gold Slides but Remains above Recent Lows
Prepared by Jamie Saettele, CMT
Gold has exceeded the 50% retracement of the decline from the November top and focus has shifted to a cluster of resistance near 1700. Aside from round number significance, the 61.8% retracement resides near there as do lows from early December. Short term channel resistance is just above 1700.
Bottom Line – flat
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