Gold News | Gold Big Levels Loom as Support; Above 1306 is Bullish | Gold Daily Forecast |
| Gold Big Levels Loom as Support; Above 1306 is Bullish Posted: 01 May 2014 03:06 PM PDT Daily  Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Automate trades with Mirror Trader and see ideas on other USD crosses -Gold reversed sharply on 4/24. The reversal is accompanied by large volume which increases the likelihood that the reversal is an important technical event. -1236 is viewed as major swing support and 1260 is a Fibonacci confluence. Either one of these levels could produce an important low if one is not already in place. LEVELS: 1252 1260 1285 | 1303 1310 1319 --Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.  |
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