Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek Radio Nugget: Martin Armstrong and Chris Waltzek
By: radio.GoldSeek.com

What sets the Gold Price – Is it the Paper Market or Physical Market?
By: BullionStar

Guess why JPM might get away with exceeding position limits in silver futures
By: Chris Powell, Secretary/Treasurer, GATA

Gold's Rallies Almost Too Feeble to Trade
By: Rick Ackerman, Rick's Picks

Gold Seeker Closing Report: Gold and Silver Gain While Stocks Chop
By: Chris Mullen, Gold-Seeker.com

The Market Has Its Head Buried Deep In The Sand
By: Dave Kranzler

March Comex Silver "Deliveries"
By: Craig Hemke

Death Valley Snowballs and Fiat Currencies
By: Gary Christenson

There Are Still Pitfalls To Watch Out For In The Metals Complex
By: Avi Gilburt

In broadcast to India, GATA secretary says free market in gold would enrich the country
By: Chris Powell, Secretary/Treasurer, GATA

 
Search

GoldSeek Web

 
Gold's Next Leg Down Targets $1156

By: Rick Ackerman, Rick's Picks

 -- Published: Wednesday, 15 March 2017 | Print  | Disqus 

http://www.rickackerman.com/wp-content/uploads/2017/03/Bouncy-looking-pivot-in-Gold-has-failed.jpg

Our downside target for the near-term is 1156.60, a ‘midpoint’ Hidden Pivot that comes from the weekly chart. April Gold had a chance to rally out of the hole this week from a bouncy-looking pivot at 1195.40. Instead, the futures popped for a few measly points before falling back to the support. This is pretty feeble price action, especially considering the rally had round-number support at 1200.00 going for it as well. Under the circumstances, we should expect the futures to continue lower, eventually turning 1200.00 into resistance. I’d return reluctantly to the bullish case, at least for the near term, if this vehicle were to leap above 1214.50 in the next day or two. That would generate a bullish impulse leg on the hourly chart — one that presumably would be tradable. If you don’t subscribe, click here for two weeks' free access to Rick's Picks, including daily, actionable 'touts', round-the-clock updates, impromptu tech analysis sessions online, and a chat room that draws experienced traders from around the world at all hours of the day and night.

 


| Digg This Article
 -- Published: Wednesday, 15 March 2017 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.