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Gold Former Resistance Line Serves as Support

Gold Former Resistance Line Serves as Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_gold_body_Picture_3.png, Gold Former Resistance Line Serves as Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“The yellow metal is leading the way with respect to risk aversion and the move above trendline resistance may indicate a shift towards risk aversion.”

-1290s is the next important resistance level. 1231 remains the trend defining level.

LEVELS: 1219 1231 1255 | 1271 1275 1294

--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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