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Gold Breaks to Highest Level Since November

Gold Breaks to Highest Level Since November

2012-02-22 00:04:00
Jamie Saettele, CMT, Sr. Technical Strategist
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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

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