Thursday, December 6, 2012

Feb 2013 Gold futures pivots

Here are the yearly and monthly pivots for the front month on Gold(GC). As you can see Gold's high last October 2012 was at the yearly R2 and has now pulled back to the yearly R1 pivot point. Look for a possible double bottom here at 1666-1675. If that breaks then watch 1625-1650 for support.