Gold Breaks Through 1400; June High at 1424
Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Interested in automated trading with Mirror Trader?
Commodity Analysis: Gold has broken through the zone of consolidation that took place in mid-June and a confluence of trendlines. Focus now shifts to the June high at 1424.
Commodity Trading Strategy: Need a pullback from if want to participate on the long side. Look for a higher low above 1352. 1380-90 is now support.
LEVELS: 1352 1369 1389 1424 1440 1488
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.
Terms and Privacy Policy