Gold News | Gold Reacts at April High | Gold Daily Forecast |
| Posted: 01 Jul 2014 01:08 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 -"The drop to a new low does satisfy minimum expectations for wave C. Gold has turned up just shy of the ideal 1236 level. Above 1283 would suggest that the larger trend has reversed." -"1331/34 is probably a reaction level but stronger resistance is seen from possible bearish triangle resistance at 1366." The former level was reached today and 1310 is the near term pivot. LEVELS: 1309 1316 1322 | 1334 1342 1366 --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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