GOLD Tested a Monster Level Down to the Penny Today and Confirms Why It Pays to Be Technical

Our YouTube video illustrates Gold's perfect test of the US$ 1232.26 level today.

In the Monthly chart below, we see how the 1232.26 level represents the 23.6% retracement of the March High through the October Low.

In the Weekly chart below, we see how Gold closed above the 1221.17 level last week and its current Weekly Low has been above that level.  We also see Gold trading above the 1231.92 level, representing the 23.6% retracement of the 2014 range.

In the 15-minute chart below, we see how Gold's intraday Low has been at 1232.25, the key level from the Monthly chart above.

If Gold does not hold the 1232.25 level, the 1231.92 level takes on added significance.





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