{"id":2759,"date":"2011-12-15T06:44:30","date_gmt":"2011-12-15T14:44:30","guid":{"rendered":"http:\/\/www.cannontrading.com\/daily\/?p=2759"},"modified":"2017-07-13T23:14:26","modified_gmt":"2017-07-14T07:14:26","slug":"gold-in-the-markets-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/gold-in-the-markets-support-and-resistance-levels\/","title":{"rendered":"Gold in the Markets | Support and Resistance Levels"},"content":{"rendered":"<p><span style=\"text-decoration: underline;\">Jump to a section in this post:<\/span><br \/>\n<strong>1. <a href=\"#one\">Market Commentary<\/a><\/strong><br \/>\n<strong>2. <a href=\"#two\">Support and Resistance Levels &#8211; S&amp;P, Nasdaq, Dow Jones, Russell 2000<\/a><\/strong><br \/>\n<strong>3. <a href=\"#three\">Support and Resistance Levels &#8211; Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong><br \/>\n<strong>4. <a href=\"#four\">Support and Resistance Levels &#8211; March Corn, March Wheat, Jan Beans, March Silver<\/a><\/strong><br \/>\n<strong>5.\u00a0<a href=\"#five\">Daily Chart of February Gold Futures<\/a><\/strong><br \/>\n<strong>6. <a href=\"#six\">Economic Reports for Thursday, December 15, 2011<\/a><\/strong><\/p>\n<p><strong><img decoding=\"async\" src=\"https:\/\/www.cannontrading.com\/images\/divider-black-190.gif\" alt=\"\" title=\"\"><\/strong><\/p>\n<h3>1. Market Commentary and Daily Mini S&amp;P 500 Chart<\/h3>\n<p>Today&#8217;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.<\/p>\n<h3><strong><a name=\"two\"><\/a>2. Support and Resistance Levels &#8211; S&amp;P, Nasdaq, Dow Jones, Russell 2000<\/strong><\/h3>\n<table class=\"blog_table\" style=\"font-weight: bold;\" summary=\"Support and Resistance Levels for trading - S&amp;P 500, Nasdaq 100, Dow Jones, Mini Russell\">\n<thead>\n<tr>\n<td width=\"168\" height=\"43\">Contract (Dec. 2011)<\/td>\n<td width=\"130\">SP500<br \/>\n(big &amp; Mini)<\/td>\n<td width=\"130\">Nasdaq100<br \/>\n(big &amp; Mini)<\/td>\n<td width=\"130\">Dow Jones<br \/>\n(big &amp; Mini)<\/td>\n<td width=\"130\">Mini Russell<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td valign=\"top\" width=\"128\">Resistance Level 3<\/td>\n<td valign=\"top\" width=\"93\">1230.33<\/td>\n<td valign=\"top\" width=\"96\">2295.00<\/td>\n<td valign=\"top\" width=\"87\">11968<\/td>\n<td valign=\"top\" width=\"83\">734.27<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"128\">Resistance Level 2<\/td>\n<td valign=\"top\" width=\"93\">1224.27<\/td>\n<td valign=\"top\" width=\"96\">2277.00<\/td>\n<td valign=\"top\" width=\"87\">11917<\/td>\n<td valign=\"top\" width=\"83\">726.83<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"128\">Resistance Level 1<\/td>\n<td valign=\"top\" width=\"93\">1215.13<\/td>\n<td valign=\"top\" width=\"96\">2252.00<\/td>\n<td valign=\"top\" width=\"87\">11833<\/td>\n<td valign=\"top\" width=\"83\">715.57<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"128\">Pivot Point<\/td>\n<td valign=\"top\" width=\"93\">1209.07<\/td>\n<td valign=\"top\" width=\"96\">2234.00<\/td>\n<td valign=\"top\" width=\"87\">11782<\/td>\n<td valign=\"top\" width=\"83\">708.13<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"128\">Support Level 1<\/td>\n<td valign=\"top\" width=\"93\">1199.93<\/td>\n<td valign=\"top\" width=\"96\">2209.00<\/td>\n<td valign=\"top\" width=\"87\">11698<\/td>\n<td valign=\"top\" width=\"83\">696.87<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"128\">Support Level 2<\/td>\n<td valign=\"top\" width=\"93\">1193.87<\/td>\n<td valign=\"top\" width=\"96\">2191.00<\/td>\n<td valign=\"top\" width=\"87\">11647<\/td>\n<td valign=\"top\" width=\"83\">689.43<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"128\">Support Level 3<\/td>\n<td valign=\"bottom\" width=\"93\">1184.73<\/td>\n<td valign=\"bottom\" width=\"96\">2166.00<\/td>\n<td valign=\"bottom\" width=\"87\">11563<\/td>\n<td valign=\"bottom\" width=\"83\">678.17<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><!--more--><\/p>\n<p><strong><br \/>\n<\/strong><\/p>\n<h3><strong><a name=\"three\"><\/a><!--more-->3. Support &amp; Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds<\/strong><\/h3>\n<table class=\"blog_table\" style=\"font-weight: bold;\" summary=\"Support and Resistance Levels for trading - Gold, Euro, Crude Oil, and U.S. Treasury Bonds\">\n<thead>\n<tr>\n<td width=\"168\" height=\"43\">Contract<\/td>\n<td width=\"130\">Feb. Gold<\/td>\n<td width=\"130\">Dec. Euro<\/td>\n<td width=\"130\">Jan. Crude Oil<\/td>\n<td width=\"130\">March. Bonds<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td valign=\"top\" width=\"128\">Resistance Level 3<\/td>\n<td valign=\"top\" width=\"93\">1683.5<\/td>\n<td valign=\"top\" width=\"96\">1.3171<\/td>\n<td valign=\"top\" width=\"87\">104.96<\/td>\n<td valign=\"top\" width=\"83\">146 24\/32<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"128\">Resistance Level 2<\/td>\n<td valign=\"top\" width=\"93\">1659.0<\/td>\n<td valign=\"top\" width=\"96\">1.3118<\/td>\n<td valign=\"top\" width=\"87\">102.64<\/td>\n<td valign=\"top\" width=\"83\">145 20\/32<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"128\">Resistance Level 1<\/td>\n<td valign=\"top\" width=\"93\">1614.7<\/td>\n<td valign=\"top\" width=\"96\">1.3051<\/td>\n<td valign=\"top\" width=\"87\">98.84<\/td>\n<td valign=\"top\" width=\"83\">145\u00a0 3\/32<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"128\">Pivot Point<\/td>\n<td valign=\"top\" width=\"93\">1590.2<\/td>\n<td valign=\"top\" width=\"96\">1.2998<\/td>\n<td valign=\"top\" width=\"87\">96.52<\/td>\n<td valign=\"top\" width=\"83\">143 31\/32<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"128\">Support Level 1<\/td>\n<td valign=\"top\" width=\"93\">1545.9<\/td>\n<td valign=\"top\" width=\"96\">1.2931<\/td>\n<td valign=\"top\" width=\"87\">92.72<\/td>\n<td valign=\"top\" width=\"83\">143 14\/32<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"128\">Support Level 2<\/td>\n<td valign=\"top\" width=\"93\">1521.4<\/td>\n<td valign=\"top\" width=\"96\">1.2878<\/td>\n<td valign=\"top\" width=\"87\">90.40<\/td>\n<td valign=\"top\" width=\"83\">142 10\/32<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"128\">Support Level 3<\/td>\n<td valign=\"bottom\" width=\"93\">1477.1<\/td>\n<td valign=\"bottom\" width=\"96\">1.2811<\/td>\n<td valign=\"bottom\" width=\"87\">86.60<\/td>\n<td valign=\"bottom\" width=\"83\">141 25\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong><br \/>\n<\/strong><\/p>\n<h3><strong><a name=\"four\"><\/a>4. Support &amp; Resistance Levels for Corn, Wheat, Beans and Silver<\/strong><\/h3>\n<table class=\"blog_table\" style=\"font-weight: bold;\" summary=\"Support and Resistance Levels for trading - Gold, Euro, Crude Oil, and U.S. Treasury Bonds\">\n<thead>\n<tr>\n<td width=\"168\" height=\"43\">Contract<\/td>\n<td width=\"130\">March Corn<\/td>\n<td width=\"130\">March Wheat<\/td>\n<td width=\"130\">Jan. Beans<\/td>\n<td width=\"130\">March. Silver<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td valign=\"top\" width=\"128\">Resistance Level 3<\/td>\n<td valign=\"top\" width=\"93\">610.2<\/td>\n<td valign=\"top\" width=\"96\">621.6<\/td>\n<td valign=\"top\" width=\"87\">1139.92<\/td>\n<td valign=\"top\" width=\"83\">3296.7<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"128\">Resistance Level 2<\/td>\n<td valign=\"top\" width=\"93\">604.1<\/td>\n<td valign=\"top\" width=\"96\">612.2<\/td>\n<td valign=\"top\" width=\"87\">1129.58<\/td>\n<td valign=\"top\" width=\"83\">3201.8<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"128\">Resistance Level 1<\/td>\n<td valign=\"top\" width=\"93\">592.4<\/td>\n<td valign=\"top\" width=\"96\">597.8<\/td>\n<td valign=\"top\" width=\"87\">1114.92<\/td>\n<td valign=\"top\" width=\"83\">3042.7<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"128\">Pivot Point<\/td>\n<td valign=\"top\" width=\"93\">586.3<\/td>\n<td valign=\"top\" width=\"96\">588.4<\/td>\n<td valign=\"top\" width=\"87\">1104.58<\/td>\n<td valign=\"top\" width=\"83\">2947.8<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"128\">Support Level 1<\/td>\n<td valign=\"top\" width=\"93\">574.7<\/td>\n<td valign=\"top\" width=\"96\">574.1<\/td>\n<td valign=\"top\" width=\"87\">1089.9<\/td>\n<td valign=\"top\" width=\"83\">2788.7<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"128\">Support Level 2<\/td>\n<td valign=\"top\" width=\"93\">568.6<\/td>\n<td valign=\"top\" width=\"96\">564.7<\/td>\n<td valign=\"top\" width=\"87\">1079.58<\/td>\n<td valign=\"top\" width=\"83\">2693.8<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" width=\"128\">Support Level 3<\/td>\n<td valign=\"bottom\" width=\"93\">556.9<\/td>\n<td valign=\"bottom\" width=\"96\">550.3<\/td>\n<td valign=\"bottom\" width=\"87\">1064.92<\/td>\n<td valign=\"bottom\" width=\"83\">2534.7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a name=\"five\"><\/a><\/p>\n<h3><\/h3>\n<h3><strong>5. Daily Chart for Gold Futures<\/strong><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2764\" title=\"Gold Futures Daily Chart December 2012\" src=\"https:\/\/www.cannontrading.com\/daily\/wp-content\/uploads\/111214_145755_CQG_IC_Chart_GCE_-_Gold_Globex_Equalized_Active_Daily_Continuation.png\" alt=\"\" width=\"538\" height=\"718\" srcset=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/111214_145755_CQG_IC_Chart_GCE_-_Gold_Globex_Equalized_Active_Daily_Continuation.png 598w, https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/111214_145755_CQG_IC_Chart_GCE_-_Gold_Globex_Equalized_Active_Daily_Continuation-224x300.png 224w\" sizes=\"auto, (max-width: 538px) 100vw, 538px\" \/><\/p>\n<p><strong><br \/>\n<\/strong><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.cannontrading.com\/images\/divider-black-190.gif\" alt=\"\" title=\"\"><br \/>\n<a name=\"six\"><\/a><\/p>\n<h3>6. Economic Reports<\/h3>\n<p>French Flash Manufacturing<br \/>\n3:00am<\/p>\n<p>French Flash Services<br \/>\n3:00am<\/p>\n<p>German Flash Manufacturing<br \/>\n3:330am<\/p>\n<p>German Flash Services<br \/>\n3:30am<\/p>\n<p>ECB Monthly Bulletin<br \/>\n4:00am<\/p>\n<p>Flash Manufacturing<br \/>\n4:00am<\/p>\n<p>Flash Services<br \/>\n4:00am<\/p>\n<p>CPI<br \/>\n5:00am<\/p>\n<p>Core CPI<br \/>\n5:00am<\/p>\n<p>Employment Change<br \/>\n5:00am<\/p>\n<p>ECB President Draghi Speaks<br \/>\n6:25am<\/p>\n<p>PPI<br \/>\n8:30am<\/p>\n<p>Unemployment Claims<br \/>\n8:30am<\/p>\n<p>Core PPI<br \/>\n8:30am<\/p>\n<p>Current Account<br \/>\n8:30am<\/p>\n<p>Empire State Manufacturing Index<br \/>\n8:30am<\/p>\n<p>TIC Long-Term Purchases<br \/>\n9:00am<\/p>\n<p>Capacity Utilization Rate<br \/>\n9:15an<\/p>\n<p>Philly Fed Manufacturing Index<br \/>\n10:00am<\/p>\n<p>Natural Gas Storage<br \/>\n10:30am<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jump to a section in this post: 1. Market Commentary 2. Support and Resistance Levels &#8211; S&amp;P, Nasdaq, Dow Jones, Russell 2000 3. Support and Resistance Levels &#8211; Gold, Euro, Crude Oil, T-Bonds 4. Support and Resistance Levels &#8211; March Corn, March Wheat, Jan Beans, March Silver 5.\u00a0Daily Chart of February Gold Futures 6. Economic [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[236],"tags":[587,49],"class_list":["post-2759","post","type-post","status-publish","format-standard","hentry","category-metal-futures","tag-gold-markets","tag-support-and-resistance-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=2759"}],"version-history":[{"count":9,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2759\/revisions"}],"predecessor-version":[{"id":12857,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2759\/revisions\/12857"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=2759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=2759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=2759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}