Edited by lambro, 04 May 2010 - 12:35 PM.
ES & Gold
Started by
lambro
, May 04 2010 12:33 PM
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#1
Posted 04 May 2010 - 12:33 PM
ES, bulls need to reclaim 1180 asap, below 1180 likely to retest 1153-1155, watch for 1180 to serve as new resistance
Gold target 1 hit (1168) below 1177, further downside targets are 1163 & 1157 then to 1147 & 1130
1163 will be a key test for gold, being a recent break out area
if 1163 or 1168 holds as support, then a trip back to the low 1190's would be likely to follow
as with all of these price spots, fading with divergence or following though on momentum is the strategy
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