Gold Tests September Low
Daily Bars
Prepared by Jamie Saettele, CMT
My last comments were that "expectations remain for a test of the September low at 1532 with price finding a top in the 1620/40 zone. Gold reached 1642 this morning (12/21) before reversing and risk on shorts can be moved to that level." 1642 was never exceeded and gold has tested the September low. The spike under the September low probably cleared the market of weak longs so beware of a pop into 1600 before sellers return.
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.
