Today: The Gold futures again drift a bit lower, having lost a bit of the
enthusiasm from taking out the 6 month all time high level of 1230.0,
posting a 1249.7 high, just in front of the 1250 mark. They have bashfully
retreated the last four sessions, down to 1219.4 level.
Posts Tagged ‘Gold Futures’
Gold 5-18-2010
May 18th, 2010Gold 3-18-2010
March 18th, 2010Today: Gold futures got as high as 1133.9 yesterday, but are trading a
bit lower today. Above 1129.9 and the buy light should go on, and
technicals favor the upside, but it is quiet thus far today.
Gold 3-12-2010
March 12th, 2010Today: The Gold futures are trading slightly higher, however they did
get down to 1108.3, a key support level and have moved back up from
there. The session should hold together now going forward, but this
market remains vulnerable.
Gold 11-18-2009
November 18th, 2009Today: The Gold futures put in another high at 1148.4, and are on the
move once again. They had an inside day yesterday, and today they
choose, which is no surprise, to break out the top of that formation.
There seems to be no tiring in this market, it’s launched.
Gold 11-16-2009
November 16th, 2009Today: The Gold market continues higher, like I have repeatedly said,
the fundamental response is dominating the scenes, even though the
technicals are all positive, however there is a degree of technical
“unreasonableness” within, that has to be disregarded at this point in
time. That being said, look for resistance this morning at 1130.60, and
see if we cannot retraced from there lower in today’s session.