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Gold Registers Highest Close Since February

By DailyFX,  September 27, 2012, 06:49:00 PM EDT

Daily Bars

Prepared by Jamie Saettele, CMT

Gold's recent decline was nearly entirely retraced today. In fact, the yellow metal registered its highest daily close since the end of February. The advance is no doubt quite mature but the 3 wave decline from 1787.35 suggests that higher prices are in order. Levels of interest in the coming days as gold attempts to extend from the 61.8% of the decline from the record high are from 1790 to 1820.

LEVELS: 1752.91 1761.26 1772.10 1790.55 1807.19 1819.05

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

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