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Gold in the Markets | Support and Resistance Levels

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5. Daily Chart of February Gold Futures
6. Economic Reports for Thursday, December 15, 2011

1. Market Commentary and Daily Mini S&P 500 Chart

Today’s big mover was gold. While we had big moves in many markets, currencies getting weaker against the dollar, energies lower, stock indices lower, it was the metals lead by gold which experienced some of the bigger % moves.

2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

Contract (Dec. 2011) SP500
(big & Mini)
Nasdaq100
(big & Mini)
Dow Jones
(big & Mini)
Mini Russell
Resistance Level 3 1230.33 2295.00 11968 734.27
Resistance Level 2 1224.27 2277.00 11917 726.83
Resistance Level 1 1215.13 2252.00 11833 715.57
Pivot Point 1209.07 2234.00 11782 708.13
Support Level 1 1199.93 2209.00 11698 696.87
Support Level 2 1193.87 2191.00 11647 689.43
Support Level 3 1184.73 2166.00 11563 678.17


3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

Contract Feb. Gold Dec. Euro Jan. Crude Oil March. Bonds
Resistance Level 3 1683.5 1.3171 104.96 146 24/32
Resistance Level 2 1659.0 1.3118 102.64 145 20/32
Resistance Level 1 1614.7 1.3051 98.84 145  3/32
Pivot Point 1590.2 1.2998 96.52 143 31/32
Support Level 1 1545.9 1.2931 92.72 143 14/32
Support Level 2 1521.4 1.2878 90.40 142 10/32
Support Level 3 1477.1 1.2811 86.60 141 25/32


4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

Contract March Corn March Wheat Jan. Beans March. Silver
Resistance Level 3 610.2 621.6 1139.92 3296.7
Resistance Level 2 604.1 612.2 1129.58 3201.8
Resistance Level 1 592.4 597.8 1114.92 3042.7
Pivot Point 586.3 588.4 1104.58 2947.8
Support Level 1 574.7 574.1 1089.9 2788.7
Support Level 2 568.6 564.7 1079.58 2693.8
Support Level 3 556.9 550.3 1064.92 2534.7

5. Daily Chart for Gold Futures



6. Economic Reports

French Flash Manufacturing
3:00am

French Flash Services
3:00am

German Flash Manufacturing
3:330am

German Flash Services
3:30am

ECB Monthly Bulletin
4:00am

Flash Manufacturing
4:00am

Flash Services
4:00am

CPI
5:00am

Core CPI
5:00am

Employment Change
5:00am

ECB President Draghi Speaks
6:25am

PPI
8:30am

Unemployment Claims
8:30am

Core PPI
8:30am

Current Account
8:30am

Empire State Manufacturing Index
8:30am

TIC Long-Term Purchases
9:00am

Capacity Utilization Rate
9:15an

Philly Fed Manufacturing Index
10:00am

Natural Gas Storage
10:30am

Tags: > Posted in: Metal Futures  

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