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Gold Could See Temporary Relief Here

Gold Could See Temporary Relief Here

Jamie Saettele, CMT, Sr. Technical Strategist

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Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“Gold needs to exceed 1245 to negate the breakdown implications (to 1177). 1177 is a great level for an important low.” 1177 failed spectacularly and the yellow metal dipped to 1155 today. The slope that crosses important highs since last August and the 10/6 and 1/2 lows is here and could provide support.

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

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