Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
Real Time Positioning
-I noted last update that “the weekly close for gold is important as a close above the 2011-2012 trendline would be the strongest indication yet of a major trend change. 1307 (big low in 2011 and high in December 2014) lines up as a level to pay attention to from a tactical standpoint.” The 2011-2012 trendline has been broken. For more on gold, check out this video.