Gold News | Gold in Breakdown Mode but Watch 1252 for Support | Gold Daily Forecast |
| Gold in Breakdown Mode but Watch 1252 for Support Posted: 03 Sep 2014 05:02 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." -Ultimately, it may be that gold has been tracing out a triangle since Dec 31st of 2013 that leads to new lows. --Tradingideas are availabletoJ.S. Trade Desk members. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.  |
| You are subscribed to email updates from DailyFX - Gold Daily Forecast To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
0 Comment for "Gold News | Gold in Breakdown Mode but Watch 1252 for Support | Gold Daily Forecast"