Bullish trend continues
The market rallied up to 668.20 causing experts to think the threat of tropical storm "Chris"and a weak Dollar were the catalyst to the upside move. Late session profit taking and a stronger Dollar pushed december Gold to a 664.00 settlement.
The following are my guideline numbers I use to get in and out of the market.
They are technical numbers ........Pivot = a pivotal area ..if markets above pivot pivot acts as a support....if markets are below pivot it act like a resistance area........
resistance = possible area in the market to sell
support = possilble area in the market to buy
2nd resist...........674.00
1st resist............669.00
pivot....................663.00
1st support..........657.80
2nd support.........652.00
0 Comments:
Post a Comment
<< Home