Wednesday, June 1, 2011

GC YG Gold Contract

My preliminary hourly analysis shows that we are nesting into an *expected* (nominal) 20 day low within the next couple of hours....a much shortened 15.8 days.

Of course, I have yet to do the flip analysis where I show the peaks at highs from reinforcing cycles, but that SHOULD (?) present a possible trading opp coming out of that low later tonight.

For me, I'm holding my existing long -- nervously. :)

YG Jul price $1540 ish.

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