Gold 2nd Attempt at Follow Through on Reversal Fails

| 27 november, 2013 | 0 kommentarer

Daily

eliottWaves_gold_body_Picture_3.png, Gold 2nd Attempt at Follow Through on Reversal Fails

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

Gold’s sliced through the 6/28 close (1234) on Monday before reversing higher and forming an outside day reversal.

-The next few days are critical as follow through (close higher than today) would increase evidence that a near term low is in place. Tuesday and Wednesday’s attempts both failed.

Trading Strategy: Flat

LEVELS: 1180 1208 1230 | 1253 1261 1269

— Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

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Kategori: Analys från DailyFX

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