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Gold Price - Support is Lower

Gold Price - Support is Lower

2016-07-14 19:58:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Gold Price - Support is Lower

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Strength through the 2011-2012 trendline would be a major development but gold is showing signs of failure at the 2011-2012 line. Support starts at 1300. This market is viewed as high risk at the moment due to the extreme ownership profile (COT). For more on gold, check out these recent videos (here and here).

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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