February 13th, 2012
Published Daily

GCZ09 – Comex December Gold (Last:1137.00)

by Rick Ackerman on November 17, 2009 7:09 am GMT

The futures were working on a bullish flag Monday night, tracing out a correction that had gone as low as 1135.90 as of midnight EST. If the low holds, a pop to 1151.30 should come next, provided the 1143.60 sibling midpoint of this Hidden Pivot yields to buyers.  The 1174.90 target of a much larger pattern is still my minimum objective, but a dip today touching 1123.20 would be reason to turn cautious.



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