February Gold


Trading Levels and Reports for December 5, 2012

December 4th, 2012 Filed under Future Trading News | Comments Off on Trading Levels and Reports for December 5, 2012

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday December 5, 2012

 

Hello Traders,

 The market that caught my eyes today was actually gold. Down over $20.

Daily chart of February Gold for your review below. While I think we will see some bounces and moves both ways, the medium target for gold will be 1676 and 1648. If the market manages to close above 1740 the bullish tone will return.

gold daily chart

 

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