July 29th, 2010
Published Daily

GCZ09 – Comex December Gold (Last:965.10)

by Rick Ackerman on August 7, 2009 12:01 am GMT

A Hidden Pivot at 979.60 is still my minimum upside expectation for the near term, but if the futures pull back before launching toward that number, they would likely find traction near 953.60, its midpoint sibling. The most bullish scenario I could imagine for today would be a close above 979.60.  That would make the target at 1016.60 broached here earlier a shoe-in next week.

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