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Gold Resistnace is at 1295

Jamie Saettele, CMT

Weekly

Gold Resistnace is at 1295
Gold Resistnace is at 1295

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-Gold continues to trade around the month open. Bounces since the sharp 4/15 decline are shallow and I’m looking lower as long as price is below 1307 (1295 is resistance before then).

-1236 is viewed as major swing support and 1260 is a Fibonacci confluence. Either one of these levels could produce an important low.

LEVELS: 1252 1260 1268 | 1295 1304 1310

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


original source

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