Markets

Gold Technicals for July 27th

DT-10-07-27-GOLD

Gold has topped. Please see the latest special report for details . Gold is making its way lower and in an impulsive fashion. I wrote yesterday that "after bouncing to 1204, gold is testing its low so a secondary top may be in place at 1204." Gold has plunged and the metal is probably headed much lower in a 3rd wave. The next important support is 1045.

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum . He is the author of Sentiment in the Forex Market . Follow his intraday market commentary and trades at DailyFX Forex Stream . Send requests to receive his reports via email to jsaettele@dailyfx.com .

DailyFX provides forex news on the economic reports and political events that influence the currency market. Learn currency trading with a free practice account and charts from FXCM.

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.

Other Topics

Commodities

Latest Markets Videos