Gold Former Supports at 1625 and 1605 in Play
Prepared by Jamie Saettele, CMT
Gold is on track for its largest 1 week decline since mid December. Short term resistance is just north of 1650 and shorts are favored against 1685 (Wednesday high). Downside levels of interest for the rest of the week are former pivots at 1625 and 1605.
Bottom Line (next 5 days) – lower?
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