Gold 1362 Still of Interest as Reversal Point
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-The October high rests at 1362. This level intersects the line that extends off of the October and November 2012 highs this week. The level is major resistance.
-Tuesday’s decline raises the possibility that a top is already in place. Irrespective of a final push into 1362, the risk is for a drop into 1279. Act accordingly.
LEVELS: 1307 1320 1332 | 1362 1375 1395
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
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