Gold Fulfilled Bounce Targets Overnight
The following are the latest daily summaries of my ongoing intraday coverage providing context to interpret price action. Any prices listed are for a contract's current "front month." Their direction tends to correlate with any ETFs listed for each. Today’s Highlight: Gold fulfilled my bounce targets overnight. Tuesday’s reaction up on Bernanke’s testimony may prove to be only noise. Don’t forget the Humphrey-Hawkins rule: Reactions on day one are often reversed on day two. Dollar Basket Mar Contract DX; (NYSEARCA:UUP) (NYSEARCA:UDN) Monday’s attack on 82.05 was duplicated Tuesday and still held. A pullback to test 81.40 is likely. Eurodollar ...
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