Tanalys

Gold Outside Reversal May Indicate Beginning of Pullback

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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-“The rally in recent days may represent a final push before a pullback towards former resistance at 1279. Watch 1352-1362 for resistance if reached.” Wednesday’s outside day may signal the beginning of a deeper pullback.

-The October high rests at 1362. This level intersects the line that extends off of the October and November 2012 highs in early March (next week).

LEVELS: 1294 1307 1317 | 1338 1352 1362

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

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