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Gold Price Looking for a Weekly Close Over the 6 Year Trendline

Gold Price Looking for a Weekly Close Over the 6 Year Trendline

2017-04-13 19:48:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Weekly

Gold Price Looking for a Weekly Close Over the 6 Year Trendline

Chart Prepared by Jamie Saettele, CMT

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-Tomorrow’s close for gold is important as a close above the 2011-2012 trendline would be the strongest indication yet of a major trend change. 1307 (big low in 2011 and high in December 2014) lines up as a level to pay attention to from a tactical standpoint.

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