Gold Reverses Through Trendline; Resistance at 1330
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-Gold followed through on Tuesday’s large range key reversal.
-Gold also broke through the trendline that originates at the August high. The line connects the 8/28 and 9/19 highs and crosses through 9/30 and 10/8. The top side of this line now becomes support.
Trading Strategy: Trailed out of multi-week short. Will be looking to go long on setbacks below 1300.
LEVELS: 1282 1290 1304 | 1330 1338 1352
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