Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Interested in automated trading with Mirror Trader?
Commodity Analysis: “Gold’s rally reversed gains after running into former lows and channel resistance. Gold’s advance is better than silver’s, which remains extremely depressed. Daily RSI on the metal has recovered to 60, a common area for the indicator to stop in a bear market.”
Commodity Trading Strategy: Triggered short at 1312, 1355 stop, targets 1270 and 1250
LEVELS: 1267 1282 1306 1315 1350 1395