Gold Breaks Through 1400; June High at 1424

By Jamie Saettele, CMT, Sr. Technical Strategist,

Shutterstock photo


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

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 Nasdaq, Inc.

This article appears in: Investing Commodities
Referenced Stocks:

More from DailyFX




Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by