Monday, November 2, 2009

Gold

They have been buyin it this morning.  Made a swing high of 1065 and pulled back to the lower triangle support area of 1059.  In my experience, when you have a failed extended triangle breakout, they should push it through the resistance areas pretty easily.  But, at this hour that remains to be seen.  The day is far from over, and I am long, and will remain that way unless my trailing stop at 1055 is hit.  Stocks are holding their own, baring a push below 1040, we should remain positive for correlated products.

No comments:

Post a Comment