Gold’s Next Targets at $1130-$1186

10/19/2009 9:57 am EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

Gold made new highs last week but closed below the best levels. Our first target at $1053-$1063 has been reached and the next target is at $1130-$1186. These were derived using Fibonacci analysis as discussed in our January 2009 Trading Lessons article. There are further targets at $1252. The OBV is strong and pointing higher.

Related Articles on COMMODITIES

Keyword Image
A Preferred Play on Seaspan
11/08/2018 5:00 am EST

Unlike previous market downturns, say 2008 for example, the economy remains strong and all preferred...