Gold Fibonacci Confluence Rests at 1260
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.”
-1260 is a Fibonacci confluence that could produce a low.
LEVELS: 1252 1260 1268 | 1295 1304 1310
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.