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Commodity Technical Analysis: Gold Probes Short Term Trendline

Daily Bars

Chart Prepared by Jamie Saettele, CMT

Commodity Analysis : Gold's decline reversed just before the level where the decline from the October high would consist of 2 equal waves and the 61.8% retracement of the rally from the 2012 low. Currently testing short term trendline resistance and the 20 day average, a reaction would encounter support at 1680. Resistance is estimated above 1700.

Commodity Trading Strategy : Flat

LEVELS: 1635 1657 1680 1703 1723 1731

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


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

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