Gold Stable after Wipeout
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-A ‘pullback’ materialized all right. Gold got hammered but did end up rebounding at the month open. The decline is probably the beginning of the move into 1235, which is estimated as important support for a longer term low.
LEVELS: 1268 1284 1295 | 1313 1328 1342
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