Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-Gold is consolidating around the level that was consolidation after the 10/17 advance and before the 10/22 advance. The opposite may be occurring now, in which case the yellow metal could very well see 1282-94 in the coming days.
-Near term resistance is estimated at 1335.
Trading Strategy: Would ultimately like to turn bullish at slightly lower levels…specifically 1282-94.
LEVELS: 1282 1294 1306 | 1322 1335 1352