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Gold Set Up is Similar to 6 Months Ago

Gold Set Up is Similar to 6 Months Ago

2014-01-09 22:51:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_gold_body_Picture_3.png, Gold Set Up is Similar to 6 Months Ago

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-Is gold repeating what the bottoming scenario from 6 months ago (at about the exact same levels)? If it is, then Jun 28 = Dec 31 and tomorrow = Jul 5th (July NFP).

-1206 is possible support along with the topside of the mentioned trendline.

Trading Bias: Flat

LEVELS: 1180 1206 1214 | 1238 1248 1261

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

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

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