July 29th, 2010
Published Daily

GCZ09 – Comex December Gold (Last:1146.30)

by Rick Ackerman on November 20, 2009 9:15 am GMT

December Gold appeared to be struggling Thursday night to seize the advantage afforded by its breach of a midpoint resistance at 1142.80.  The sibling target is 1155.60, and we should therefore use that Hidden Pivot as a minimum rally objective for the near term. Alternatively, a dip below 1125.2o today — unexpected at the moment, based on the technical evidence — would turn the hourly chart bearish.

Bookmark and Share
Ads are by Google and do not represent the views of Rick's Picks or its affiliates.

Comments on this entry are closed.