Gold News | Gold Resistnace is at 1295 | Gold Daily Forecast |
| Posted: 23 Apr 2014 12:40 PM PDT Weekly  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. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.  |
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