Gold News | Gold Trades into Resistance; Resistance at 1325 and 1335 | Gold Daily Forecast |
| Gold Trades into Resistance; Resistance at 1325 and 1335 Posted: 17 Jul 2014 12:10 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 -"The decline from the top is impulsive. The implication is for a minor low to form and for gold to trade back into 1315/20 before trading lower again (1270/80 is estimated support)." Gold has traded into resistance (slightly above as of Thursday). If a larger decline is underway, then gold should turn down between now and 1335. Above there opens up 1366. LEVELS: 1268 1285 1305 | 1325 1335 1366 --Tradingideas 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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