GOLD 0.51% $1,391.7 gold futures

$1329.89 is the exact level that the NY open was targeting to...

  1. 40,612 Posts.
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    $1329.89 is the exact level that the NY open was targeting to take out the stops. Flip the 1M chart and you can see price was 'allowed' to drop almost a buck and 8cents below to clear up bull stops. This could be the signal before price will head back up but at this stage I am not getting a reversal signal to be going long! Maybe I'll wait and see what tomorrow brings.
 
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