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Gold 1155 is Really Important to the Near Term Bullish Case

Gold 1155 is Really Important to the Near Term Bullish Case

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly

Gold 1155 is Really Important to the Near Term Bullish Case

Chart Prepared by Jamie Saettele, CMT

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

-Previous comments remain valid. “It was mentioned last update that “price has broken resistance and the push above resistance on the daily indicates an important behavior change. Look towards 1187-1207.” 1187 is the year open price and 1207 is the June high. We’re at the former level now. Given the fact that this rally initiated from a MAJOR long term support, expect a run at 1207 if not 1255 (long term bearish median line) before something on the other side materializes.”

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