Gold Upside Favored against Last Week’s Low
Prepared by Jamie Saettele, CMT
“Gold’s decline from 1790.55 is in 3 waves, which is corrective. Pattern from last week’s low may compose waves 1 and 2 of an impulsive advance. This bullish interpretation is favored as long as price is above 1663.29. Interim resistance is 1726.05.
Bottom Line (next 5 days) – higher
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