Gold Engulfs Prior 4 Days; 1327-34 Seen as Impediment to Gains
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-No change “Gold is consolidating around the level that was consolidation after the 10/17 advance and before the 10/22 advance. The opposite may be occurring now, in which case the yellow metal could very well see 1282-94 in the coming days.”
Trading Strategy: Would ultimately like to turn bullish at slightly lower levels…specifically 1282-94.
LEVELS: 1282 1294 1304 | 1315 1335 1352
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