Gold Price Turning off of Resistance Zone

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“Be aware of 1250 (50% retracement of decline from 2016 high) as a trouble area. Recent highs near 1219 should be watched for support.” Gold has turned down from a well-defined technical zone (1240/50). For more on gold, please check out the video from 2/8.