Gold has a little further to drop and I'm targeting the 586/587 area for the December contract. 61.8% projection July H/L as well as confluence S1 and monthly S2. Resistance is crystal clear at 604. I know that we could eventually go even further, but keep in mind at some point the hedge play going into Friday's CPI.
This entry was posted
on Monday, September 11, 2006 at 5:47 PM.
