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Gold Could See Temporary Relief Here

Gold Could See Temporary Relief Here

Jamie Saettele, CMT, Sr. Technical Strategist


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.