Gold's Interesting Day

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Published : November 20th, 2017
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Category : Technical Analysis

December Gold did something on Friday that it hasn’t done in a long while, exceeding two Hidden Pivot targets on the hourly chart without correcting.  One was minor, the other middling, but the implication is that the uptrend is a good bet to continue into next week. Moreover, the exhaustion of targets on the hourly chart will require us to shift to a bullish pattern of larger degree. It is shown in the chart (click on inset), with a 1315.50 midpoint pivot that can be used as a minimum upside projection for the near term. As always, an easy and decisive move past this key threshold would put the ‘D’ target — in this case, 1368.10 — solidly in play.   If you don’t subscribe but want to join in the fun, click here for a two-week free trial to Rick’s Picks, including access to a 24/7 chat room that draws great traders from around the world.


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Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
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Rick Ackerman is the editor of Rick’s Picks, a daily trading newsletter and intraday advisory packed with detailed strategies, fresh ideas and plain old horse sense.
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