Another day, another great reaction to our key program levels in Gold! The 1324 pivot was THE line in the sand, and the algos hit it hard twice this morning, with the second test leading to a great sell-off to 1305.80 — a move of 18.20 points! At $100 per point, that move is worth $1820 per contract traded. Not bad for a day’s work.
On September 11 I wrote, “if Gold gets a breakout from the current range, look for price to not only trade a range that equals its average of 26 points, …
Gold has been unusually quiet lately, but could be on the verge of a major breakout opportunity soon, as early as tonight. Crude continues to sit on major support and also formed an extremely narrow range today, which could provide some fuel for a solid breakout.
I know it’s late, but I’m excited! I’m happy to announce that our PivotBoss Premium Membership has officially launched! I’m thrilled to finally be able to provide this to you, …
It doesn’t get much better than that, folks. The E-Mini S&P 500 opened with timid strength this morning and rallied right into the 1650 level, which caught offers immediately. The 1650 level became the high of the day, and the ES dropped to each of the targets mentioned above except the last one, which missed by a tick.
