Gold Finds Reaction Area; End of Week Bounce?
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“Monday’s outside day reversal (and divergence with silver) is suggestive of lower levels.” The metal followed through on Monday’s reversal and has now made an outside week reversal. Look towards 1280 and maybe 1240 on a swing basis.
-Near term, 1307-1320 may produce a low and give way to a bounce into 1355-1366.
LEVELS: 1294 1307 1320 | 1345 1355 1366
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
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