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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

2015-10-22 19:16:00
Jamie Saettele, CMT, Sr. Technical Strategist
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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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