Gold Support at 1750
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.” The gold bull should be expected as long as price is above 10706. 1745/50 is reinforced as support by a trendline, 20 day average and 2/22 low.
Bottom Line – correcting into a low
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