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Gold Daily Reversal after Taking out 2015 High

Gold Daily Reversal after Taking out 2015 High

2016-06-16 19:17:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Gold Daily Reversal after Taking out 2015 High

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“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.” Gold took out the 2015 high today before reversing lower. I’d still watch for support near 1250.

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