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Forex pairs in this Article » GOLD
Daily



eliottWaves_gold_body_Picture_3.png, Gold Support at 1279; Resistance at 1320

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses



-Continue to look higher in gold but note that the market is nearing reaction areas at 1294 and 1306. The next major resistance is probably the April low at 1321. This level intersects with trendline resistance over the next few days.

-Support is now 1279.

LEVELS: 1248 1255 1265 | 1279 1294 1306

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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