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Gold at One Month High; December High is at 1267.75

Gold at One Month High; December High is at 1267.75

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_gold_body_Picture_3.png, Gold at One Month High; December High is at 1267.75

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-Gold is $70 off of the low seen on the final day of 2013. Action is promising but see how the market responds up here. 1253-1268 is home to pivots since Oct as well as trendline resistance.

Trading Bias: Flat

LEVELS: 1219 1231 1243 | 1261 1268 1278

--- 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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