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.

Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Gold Extends Historical Breakdown-2011 Low in Sight

Gold Extends Historical Breakdown-2011 Low in Sight

2013-04-15 22:28:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Weekly Bars

eliottWaves_gold_body_gold.png, Gold Extends Historical Breakdown-2011 Low in Sight

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

Commodity Analysis: See Friday’s weekly for analysis on gold. Near term resistance is estimate at 1420-1460 with support at the current level (channel support) and at the 2011 low of 1307.45.

Commodity Trading Strategy: Flat

LEVELS: 1226 1265 1307 1384 1427 1460

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

DISCLOSURES

News & Analysis at your fingertips.