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Gold November High within Earshot

Gold November High within Earshot

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gold_body_gold.png, Gold November High within Earshot

Prepared by Jamie Saettele, CMT

Continue to look higher towards the November high as long as price is above Monday’s low. A break above the November high shifts focus to the 61.8% extension of the December-January rally low near 1850 and the channel that defines the multi month advance. Monday’s low is key.

Bottom Line – higher? (respect the channel)

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