Today’s featured market is the December Gold. After making a double bottom at 1535.0 (A), the market has corrected up, and traded through the intermediate down trend (B). It has since been trading around the Trend Average. The Momentum Indicator is turning positive. If the Gold closes above the High Average, look for a retracement objective up to the long term down trend near 1670.0 (C). Buy the December Gold at the close if the close is greater than 1620.0.
Art Liming
