Daily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-“Bigger picture, gold completed a diagonal pattern (wedge) the week of February 12th. The objective from the pattern is the origin of the diagonal, which is 1392. I wouldn’t want to see price much below 1247 (watch for support) if the move is still higher.” Today’s low is 1244, so in line with support. Upside continuation from here is possible although 1227 would be the next support.
For more analysis and trade setups (exact entry and exit), visit SB Trade Desk
original source
