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Gold Breaks to Highest Level Since November

Gold Breaks to Highest Level Since November

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gold_body_gold.png, Gold Breaks to Highest Level Since November

Prepared by Jamie Saettele, CMT

Gold rocketed higher Wednesday and is trading at its highest level since mid November. The break shifts focus to the November high at 1813.30, the 61.8% extension of the 1527.30-1764 rally at 1853.85 and ultimately the September and all time high at 1932.60.

Bottom Line – Higher

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