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Gold to Assault November High

Gold to Assault November High

2012-02-24 14:13:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_gold_body_gold.png, Gold to Assault November High

Prepared by Jamie Saettele, CMT

Gold’s break higher 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.” Near term structure remains bullish with the recent pullback probably composing a small 4th wave. 1773 is support.

Bottom Line – Higher

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