Very light volume on this trading day. I expect it to be like this till after the holidays so no forcing stuff here- Higher resistance looks like 1223 area on the S&P and would be a nice short area if we hit it overnight since we are due for a turn around tuesday.
Watching Oil and Gold as I believe they will soon start moving inversely, YES I said it but we will wait for a signal.
Monday, August 29, 2011
GOLD
Look for some support on GOLD around 94 area. Looks like a bullish pattern developing and I would be buying at those levels
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