Wednesday, August 1, 2012

Wednesday Afternoon

Gold Futures (Dec) 30min
Gold futures trading has rolled into the December contract the last few days. The August & December contract have fallen back inside the triangle pattern and are testing 1600. The December contract is trading at about $3-4 above the August contract (soon to be expired)  - so the new number to watch on the December is 1613ish. The red line on the chart is the top of that daily timeframe triangle pattern.