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Gold Big Behavior Change; 1255/70 is a Reaction Zone

Gold Big Behavior Change; 1255/70 is a Reaction Zone

2014-12-09 19:26:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Gold Big Behavior Change; 1255/70 is a Reaction Zone

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“The sharp advance from the lows may indicate that a 5th wave terminal thrust is complete in gold.”

-Exceeding 1255 would suggest that a major bottoming process is underway (and has been since June 2013).

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

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