Fishing for a Bottom in June Gold

Source: Rick Ackerman Published on Thursday, April 27 2017
Related articles and keywords:   Bulls - Chart - Fall - Free - Futures - Georgia - Gold - I-min. - Support - Target - Traders - Trading
An upthrust today exceeding 1290.10 would put bulls squarely back in charge. At that point our minimum upside objective would be 1315.10, a Hidden Pivot taken from the hourly chart where A=1248.20 on April 10. Alternatively, if the futures fall for a second consecutive day, the first chance they’d have to reverse would be from 1267.90, a minor midpoint Hidden Pivot. However, a decisive penetration of that support would indicate more downside to at least 1255.80. Traders could bottom-fish there w
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