July 29th, 2010
Published Daily

GCM09 – Comex June Gold (Last:915.3)

by Rick Ackerman on May 11, 2009 12:01 am GMT

gold-print-above-this-peakGold has unfinished business above these levels, since last week’s choppy rally fell about $8 shy of a target I’d broached at 934.20. Price action Sunday night evinced the usual gratuitous hysterics, but there was nothing promising on the intraday charts that I could recommend to night owls. In any vent, we can use 931.90 as a bullish benchmark today, since a print at that price would refresh the bull uptrend on the hourly chart.

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