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Gold Rallies 60 Points from Buy Zone

by PivotBoss in PivotBoss Commentary

Gold reached our first target at 1224.50, after price rallied 60 handles from our 1184 buy zone in two short weeks. Bears want to defend 1248 for a shot at pushing price back below 1215s. Bulls will defend pullbacks into 1205-1215s for a shot at the next upside target at 1290.10, which is CVPOC. [...]

LookBooks Gallery Slideshow

Crude Oil Bears Squeezed for 50-tick winner Trapped Bears Below Previous Close Get Squeezed Short Squeeze Sparks 20-Point Move in the ES Short Squeeze Sparks 50-Point Move in the NQ Aggressive Buyers Force Crude Oil Higher

Trader Jargon and Terminology

  • Trader Jargon and Terminology Absorption: Occurs when aggressive market participations enter the market, but price doesn’t budge, indicating larger timeframe passive [...]

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