Gold Resistnace is at 1295
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-Gold continues to trade around the month open. Bounces since the sharp 4/15 decline are shallow and I’m looking lower as long as price is below 1307 (1295 is resistance before then).
-1236 is viewed as major swing support and 1260 is a Fibonacci confluence. Either one of these levels could produce an important low.
LEVELS: 1252 1260 1268 | 1295 1304 1310
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.