Tanalys

Gold Takes Out Trendline and October Low

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

Gold’s drop through 1260 negated the bullish bias. The drop below the Oct low shifts focus to the 6/28 close at 1234.

-The trendline that extends off of Aug and Sep highs may serve as support.

Trading Strategy: Stopped out at 1260. Flat for now.

LEVELS: 1180 1208 1234 | 1256 1269 1280

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