February 10th, 2012
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.



Comments on this entry are closed.