Gold Awaits Resolution to Tightening Range
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-Gold made its 3rd bullish outside day since 4/24 on Monday. The 4/24 reversal was accompanied by large volume which increases the likelihood that the reversal is an important technical event. The implication is that gold is well supported and therefore headed higher.
LEVELS: 1268 1274 1286 | 1309 1320 1328
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