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Gold Price Turns off 1219 but Watch for Support Near 1191

Gold Price Turns off 1219 but Watch for Support Near 1191

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Gold Price Turns off 1219 but Watch for Support Near 1191

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“There are 2 levels to be aware of for possible resistance in gold; 1219 (38.2%) and near 1250 (50% and former support…including Brexit day low).” 1219 has held as resistance but it’s too early to say that gold is headed lower. For more on gold, watch this video.

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

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