Gold Price 1155 Fails to Hold, 1130s for Support?
Chart Prepared by Jamie Saettele, CMT
-The gold rally failed right at the year open price of 1182. 1155 has failed to hold which negates immediate upsie potential. Given the fact that this rally initiated from a MAJOR long term support, one should still ‘look for’ supports though. 1130 might be that support (slope confluence and 2014 low).
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