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Federal Reserve Leaves Interest Rates Unchanged, Maintains Monthly Asset Purchases

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Gold 1320s May Prove Tough to Crack

Gold 1320s May Prove Tough to Crack

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_gold_body_Picture_3.png, Gold 1320s May Prove Tough to Crack

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“The market has reacted at 1279. Swing support is probably closer to 1240 but this bounce could reach 1307-1320.”

-A pullback could materialize near 1327.

LEVELS: 1279 1299 1306 | 1320 1327 1342

--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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