Gold Holding Up after Trendline Break; 1294 in Focus
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“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.”
-The trend defining level can be moved up to 1237. Look higher as long as price is above there. 1294 and 1306 are possible resistance levels.
LEVELS: 1248 1255 1265 | 1279 1294 1306
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.