Gold News | Gold Consolidates; Higher Levels Coming | Gold Daily Forecast

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Gold Consolidates; Higher Levels Coming Posted: 26 Jun 2014 12:21 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. LEVELS: 1285 1295 1305 | 1331 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. Learn forex trading with a free practice account and trading charts from FXCM.

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