Gold News | Gold Holding on to 1280 for Dear Life | Gold Daily Forecast |
| Gold Holding on to 1280 for Dear Life Posted: 07 Apr 2014 02:10 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 -"Monday's outside day reversal (and divergence with silver) is suggestive of lower levels." The metal followed through on last Monday's reversal and then made an outside week reversal. Look towards 1280 and maybe 1240 on a swing basis. -"The market has reacted at 1279. Swing support is probably closer to 1240 but this bounce could reach 1307-1320." LEVELS: 1240 1267 1285 | 1307 1320 1334 --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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