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Breaking news

Core PCE prints at 1.6% v/s expectation of 1.4% - PMI reports are on deck

Gold Bullish Reversal; 1293 is Now Support

Gold Bullish Reversal; 1293 is Now Support

2014-05-05 18:49:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Gold Bullish Reversal; 1293 is Now Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-Gold reversed sharply on 4/24 and again on Friday. The 4/24 reversal was accompanied by large volume which increases the likelihood that the reversal is an important technical event.

-1293 is now support.

LEVELS: 1283 1293 1301 | 1320 1328 1342

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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