July 29th, 2010
Published Daily

GCQ09 – Comex August Gold (Last:952.50)

by Rick Ackerman on July 23, 2009 12:24 am GMT

Perhaps it is merely boredom that is inspiring new rally targets each day, but the one that caught my eye Wednesday evening is 966.50.  Its provenance is shown in the accompanying chart, and either it or a lesser Hidden Pivot as 968.10  looks likely to contain the next thrust. The lower number is now my minimum upside objective for the near term, but either target can be shorted by scalpers with a stop-loss as tight as four ticks (0.40).

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