GC Rallies 25 Points Off Our Level
Gold hit our buy zone in the 1277s and rallied over 25 points.
Premium Pre-Market Report 10.09.13
Gold Futures (GCZ3) Short Term Gold put in a spike high at 1323.30 early this morning and then broke below the 1316.50 pivot, sending prices into a steady decline down …
Premium GC 09.20.13
As we expected, Gold digested Wednesday’s gains during Thursday’s session, trading in a smaller range from 1358 to 1375 throughout much of the day. After compression, you get expansion. After price expansion, get get compression. Right now, Gold is compressing ahead of the next move.
Premium Market Wrap 09.18.13
Whoa! Now THAT was a great Fed day! While all markets rallied big (except the Dollar Index), Gold had BY FAR the biggest day. Last night I wrote that I thought we’d see a major breakout opportunity in Gold, but I was leaning more to the downside. However, Gold took out the 1324 level that was important for the bulls, which ultimately paved the way to a massive 76-point rally.
Premium Market Wrap 09.17.13
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.