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Gold Slips after Outside Day at Resistance

Gold Slips after Outside Day at Resistance

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_gold_body_Picture_3.png, Gold Slips after Outside Day at Resistance

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“Gold is well 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 October as well as trendline resistance.”

-Tuesday’s outside day warns of a dip. Keep 1219 in mind as support.

LEVELS: 1206 1219 1231 | 1245 1255 1268

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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

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