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Gold Testing May 2013 Low

Gold Testing May 2013 Low

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_gold_body_Picture_3.png, Gold Testing May 2013 Low

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-Monday may represent a final push before a larger pullback towards former resistance at 1279. The current level is defined by channel resistance, former trendline support, and the May 2013 low.

-The next major resistance is probably the October high at 1362. This level intersects the line that extends off of the October and November 2012 highs in early March (next week).

LEVELS: 1296 1307 1325 | 1340 1352 1362

--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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