Wednesday, September 28, 2005


Here is an updated hourly chart of pit and electronic trading in December gold.

I had been thinking that the market would hit 460 before starting its next upleg, but now it looks like the low at 461.20 ended the reaction from 479.

The next upside target is the 488 level, near the 1/2 point of the next box at 490.

No comments: