Gold Reaches Objective in Large Volume Day
Prepared by Jamie Saettele, CMT
Gold reached the 1755 triangle objective in a range of over 3% and the largest volume (futures) since June 7th. Price is currently resting $10 above the 1760 pivot from December 2011 and February and the 2012 high is within earshot at 1790.55. The huge volume and range is consistent with the beginning of some consolidation before the continuation of the advance. 1747 is now support.
LEVELS: 1715 1737 1747 1791 1800 1825
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