Wednesday, July 24, 2013

Gold Intraday

by Jesse

As a reminder, tomorrow is an option expiration for precious metals on the COMEX.
The delivery period for the August contract begins at the end of next week.
I have highlighted the key support levels which will test the slanting W formation on the chart.
What happens will confirm the formation, or not, and help to set a minimum price objective from that formation if it does.

 

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