Gold Trendline Resistance Holds
Prepared by Jamie Saettele, CMT
Trendline resistance (drawn off of the late February and 3/12 highs) turned back bulls last night but there is no change to the strategy. “Use Wednesday’s large range bar extremes (high and low) as points of reference to determine a bias. In other words, turn bullish on a break of Wednesday’s high and bearish on a break of Wednesday’s low.”
Bottom Line (next 5 days) – ?
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