Tanalys

Gold 1362 Still of Interest as Reversal Point

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-The October high rests at 1362. This level intersects the line that extends off of the October and November 2012 highs this week. The level is major resistance.

-Tuesday’s decline raises the possibility that a top is already in place. Irrespective of a final push into 1362, the risk is for a drop into 1279. Act accordingly.

LEVELS: 1307 1320 1332 | 1362 1375 1395

–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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