Gold Price Focus Still on High 1240s
Chart Prepared by Jamie Saettele, CMT
-“Bigger picture, gold completed a diagonal pattern (wedge) the week of February 12th. The objective from the pattern is the origin of the diagonal, which is 1392. 1307 is a good candidate for failure however.” Gold broke out a few days ago. I wouldn’t want to see price much below 1247 (watch for support) if the move is still higher.
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