The DEC'09 GOLD contract downshifted from its aggressive Bull advance and will need to stabilized above the 1039 Inflection Pivot to keep the positive momentum in gear. A held failure from 1039 confirms a break in momentum and the MKT vulnerable to a sharp drop down to 1028.4 and 1016.3 on any sentiment shift. Expect some emotional swings with 944.9 the current extreme.
A rise above the 1061.7-1060.8 resistance band will bring in some fresh interest. Work the bid. The aggressive advance will be ready to engage with 1082.6 and 1098.9 targeted.
JS
STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html
For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.
Identifying MARKET STATE, STRUCTURE and STRATEGY solutions
