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Gold Price Fails First Big Test

Jamie Saettele, CMT

DailyFX.com -

Weekly

Gold Price Fails First Big Test
Gold Price Fails First Big Test

Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

“If gold has turned the corner (big if given that a sliding parallel top ticked Tuesday’s rally), then 1095/97 should provide support.”

-“Gold has rallied from a 9 year trendline. 1150-1175 is a big test for this rally.” That test failed so beware of downside resumption.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk


original source

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