News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Gold June High above 1640 of Interest

Gold June High above 1640 of Interest

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gold_body_gold.png, Gold June High above 1640 of Interest

Prepared by Jamie Saettele, CMT

Gold has cleanly broken through its triangle pattern. I had pegged the action in recent months as a bearish triangle but was proven wrong today with the move above the resistance line and 7/3 high. One must respect the bullish break and respect potential for a move back towards (not necessarily above) the 2012 high of 1790.55. The February low is of interest just above 1700.

LEVELS: 1592 1600 1610 1641 1672 1705

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

DISCLOSURES