Gold Takes Out Trendline and October Low
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-Gold’s drop through 1260 negated the bullish bias. The drop below the Oct low shifts focus to the 6/28 close at 1234.
-The trendline that extends off of Aug and Sep highs may serve as support.
Trading Strategy: Stopped out at 1260. Flat for now.
LEVELS: 1180 1208 1234 | 1256 1269 1280
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