Here is an hourly chart showing pit trading in April gold futures.
I had expected the market to halt its rally near 562 but it has continued upward to 569. I now expect the market to halt near 570. In fact today there was very heavy volume (not shown) on the drop from the high so there is an excellent chance that the rally is over. In any event the next event will be a drop to 512 or so.
1 comment:
carl
what happend to IBM and MSFT? we are pretty close to bull mkt top ..only 60 point away from the top but looks like IBM nor MSFT have moved up.any thoughts?
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