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Gold Trades Within March 1 Range for 3rd Day

Daily Bars

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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Commodity Analysis : No change: "Given sentiment as indicated by COT and the retracement of the rally from the 2/21 low stopping at the high volume day close (2/20 close in futures), a bullish bias is warranted against the 2/21 low. The counter to this is that a drop below 1555 could complete 5 waves down from 1697 and give way to a more persistent advance."

Commodity Trading Strategy : Long against 1555, target 1650

LEVELS: 1523 1555 1576 1620 1639 1652

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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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