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Gold Price – Watch for Support in Low 1260s

Gold Price – Watch for Support in Low 1260s

2017-04-20 19:21:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Gold Price – Watch for Support in Low 1260s

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-The weekly 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) and 1264 line up as levels to pay attention to from a tactical standpoint.

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

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