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Gold Price - 1171 Could be Interesting

Gold Price - 1171 Could be Interesting

Jamie Saettele, CMT, Sr. Technical Strategist

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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).” The last note remarked that “1219 continues to hold as resistance (failed Continued failures at the level warn of a more important pivot in gold.” 1171 (11/25 low and lows on 1/5 and 1/6) should be watched for support.

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

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