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Gold Price Nearing 1210 Target

Gold Price Nearing 1210 Target

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“Support held and focus is towards 1200-1210 (May 2016 low and 11/14 low).” There is no change to the call for 1200-1210 and I’ll re-evaluate the gold chart after (if) that level is reached. The zone has been reached and I’m expecting a reaction (dip) but will watch for support at 1187 and 1165.

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

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