Friday, November 04, 2005


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

The market has broken below 461 support but so far has stopped at the bottom of its box. I am willing to go out on a limb here and say that the market won't hit 455. If it does then I'll have to expect continuation down into the 442-445 near the bottom of the next box.

No comments: