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Gold 1362 Still of Interest as Reversal Point

Gold 1362 Still of Interest as Reversal Point

2014-03-05 22:18:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_gold_body_Picture_3.png, Gold 1362 Still of Interest as Reversal Point

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-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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