We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Bullish
Oil - US Crude
Mixed
Bitcoin
Mixed
More View more
Real Time News
  • 🇨🇦 CAD Building Permits (MoM) (OCT), Actual: -1.5% Expected: 2.8% Previous: -5.9% https://www.dailyfx.com/economic-calendar#2019-12-09
  • 🇨🇦 CAD Building Permits (MoM) (OCT), Actual: -1.5% Expected: 2.8% Previous: -6.5% https://www.dailyfx.com/economic-calendar#2019-12-09
  • Join @JWagnerFXTrader 's #webinar at 9:30 AM ET/2:30 PM GMT at the US market opening bell. Register here: https://t.co/9pXwJzGj54 https://t.co/aDUyMM6grN
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.90%, while traders in US 500 are at opposite extremes with 77.55%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/oklBUjDkFd
  • LIVE NOW: Join Technical Strategist @MBForex for a look at the setups he's tracking into the open this week -https://t.co/dFw88WP8eH
  • Weekly Strategy Webinar starting in 10mins on DailyFX- https://t.co/RgnsklZ2Gl
  • 🇨🇦 CAD Housing Starts (NOV), Actual: 201.3k Expected: 215.0k Previous: 200.7k https://www.dailyfx.com/economic-calendar#2019-12-09
  • 🇨🇦 CAD Housing Starts (NOV), Actual: 201.3K Expected: 215.0k Previous: 202.0k https://www.dailyfx.com/economic-calendar#2019-12-09
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.13% 🇪🇺EUR: 0.12% 🇯🇵JPY: 0.11% 🇨🇦CAD: -0.00% 🇳🇿NZD: -0.15% 🇦🇺AUD: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/lhpc08K3Hl
  • Heads Up:🇨🇦 CAD Building Permits (MoM) (OCT) due at 13:30 GMT (15min), Actual: N/A Expected: 2.8% Previous: -6.5% https://www.dailyfx.com/economic-calendar#2019-12-09
Gold Trading Levels are 1315/20 and1270/80

Gold Trading Levels are 1315/20 and1270/80

2014-07-15 20:49:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

Gold Trading Levels are 1315/20 and1270/80

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“1331/34 is probably a reaction level but stronger resistance is seen from possible bearish triangle resistance at 1366.” Gold ended up finding a high between those 2 levels. The decline from the top is impulsive. The implication is for a minor low to form and for gold to trade back into 1315/20 before trading lower again (1270/80 is estimated support).

LEVELS: 1258 1268 1285 | 1314 1336 1366

--Tradingideas are availabletoJ.S. Trade Desk members.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.