Monday, December 17, 2012

Gold double bottom on YR1

Possible double bottom on the Yearly R1 pivot point at 1687. If that breaks then watch the 200dma below at 1667. Yearly R2 pivot point was the high in 2012 and the Yearly S1/Cam L3 pivots where the lows.

UPDATE: the YR1 pivot broke. Next support is at the monthly S2 pivot at 1633.75 or the yearly Pivot point at 1627.