Gold Takes Out Long Term Trendline
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-Gold has taken out the October high at 1362 as well as the line that extends off of the October and November 2012 highs.
-The next possible resistance level is the September 2013 high at 1375. Remember, a push through 1434 is needed in order to complete a major double bottom. Weakness below 1345 would shift focus lower.
LEVELS: 1327 1345 1355 | 1375 1395 1434
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