Gold is Too Quiet…Expect Something Soon

By Jamie Saettele, CMT, Sr. Technical Strategist,

Shutterstock photo


Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ ?

Commodity Analysis : Near term, watch for resistance from the 'meridian' line that has proved important on numerous occasions. The line is at about 1440 this week. 1367 is still estimated support (low this week was 1365). Failure to hold that level on a daily closing basis would be worrisome.

Commodity Trading Strategy : Flat

LEVELS: 1307 1321 1367 1414 1440 1470

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