Let’s lower the bar slightly for determining whether bulls may have regained control. We’ll put it at 907.70, a tick above where Gold began to unravel on Monday. Otherwise, we should expect the futures to ease lower, reaching a minimum 868.90 before the day ends. That’s a moderately enticing Hidden Pivot support, and you can bottom-fish there with a stop-loss as tight as 0.70 points. ______ UPDATE: Gold has spent the day screwing the pooch. The earlier analysis still holds, even if the day’s weakness was not as bad as expected.
Trading Newsletter for Gold, Silver, Stocks and Mini Indexes
About Rick’s Picks
Rick's Picks publishes stock, commodity, and mini-index trading recommendations and forecasts based on a proprietary technical analysis method that took more than ten years to develop and hone. Get a free trial of Rick's Picks and see for yourself why Rick has such a dedicated, worldwide following of active traders.
-
Hidden Pivot Method Online Training
The next Hidden Pivot Seminar will be held Feb. 29th - Mar. 1st.. This two-day online event will teach you Rick Ackerman's risk-averse Hidden Pivot Method. Once you have learned his proprietary secrets, you will approach trading and investing with enough confidence to make your own decisions without having to rely on the advice of others.
Register before 2/17 and save $50. Use coupon code: 7D5629.
Read what a recent grad had to say. Additional questions? See our Hidden Pivot Seminar FAQ. -
-
Follow Rick’s Picks Via
Comments on this entry are closed.