More from DailyFX

Gold 1380/85 is Resistance

By DailyFX,  January 07, 2011, 05:32:07 AM EDT

240 Minute Bars

Prepared by Jamie Saettele

"The gold decline from the high is an impulse (5 waves), therefore the odds are high that an important top is in place." Waning downside momentum warns of a b wave low. The implications are for a rally in wave c that exceeds 1380 (if just barely) before the next leg lower.

forex news currency trading


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

Video: Locals Look to Help Victims of Oklahoma Disaster
Video: Locals Look to Help Victims ...
Did Michele Bachmann Get Her Own '50 Shades'?
Did Michele Bachmann Get Her Own '5...
Blind Adults Read to Kids
Blind Adults Read to Kids           
Video: Vt. Judge Denies New Lawyers For Murder Suspects
Video: Vt. Judge Denies New Lawyers...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.6601 0.22  1.64%
PFE $ 29.675 0.90  3.11%
CLWR $ 3.39 0.01  0.29%
GE $ 24.0499 0.39  1.65%
F $ 15.25 0.30  2.01%
JPM $ 54.52 1.50  2.83%
MSFT $ 34.55 0.30  0.86%
QQQ $ 74.52 0.25  0.34%