Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Tuesday, September 13, 2005
Here is a highly compressed hourly chart showing pit and electronic trading in December gold for the past month or so.
The market has reacted to the 1/2 point of its current box. I think the upside potential from here is big (468 and higher) so I expect the market to hold 448 and head up to the 1/2 point of the next box near 461. If I am wrong then we will see a drop to the bottom of the current box first, near 443, but then the market will head up from there.