Wednesday, October 17, 2012

DailyMarkets.com - Gold Structure And Retracement Levels To Watch

DailyMarkets.com - Gold Structure And Retracement Levels To Watch


Gold Structure And Retracement Levels To Watch

Posted: 17 Oct 2012 08:54 AM PDT

What's going on in Gold and what levels are most important to watch for clues?
Let's take a quick look at the Daily Chart then drop to the intraday frame to get a sense of the key levels and trend structure.

After two confirmed breakouts (one from the two-month triangle and the other above the 200d SMA and $1,660 prior high), gold continued its impulse/breakout trend higher toward the $1,700 then $1,800 upper targets.
The move higher was confirmed with volume and momentum yet gold stalled … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Oil Prices Edge Higher On Earnings & European Hopes

Posted: 17 Oct 2012 08:20 AM PDT

10/17/12 Oil prices edged higher Wednesday morning following the release of strong earnings and hopes that Spain may be close to requesting a bailout to alleviate its debt … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Euro Hits 1-month High Vs. Dollar

Posted: 17 Oct 2012 03:04 AM PDT

10/17/12 Risk appetite helped push the euro higher Wednesday morning after Moody’s affirmed Spain’s investment grade rating and as U.S. housing starts data rose to 4-year high … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


U.S. Department Of Defense Making Bold Move To Support Rare Earth Mining

Posted: 17 Oct 2012 07:57 AM PDT

The DOD's Bold Move Will Reward Rare Earths Investors: Jeb Handwerger
Source: Brian Sylvester of The Critical Metals Report  (10/16/12)

The U.S. Department of Defense has made a bold move to support a North American rare earth element project, and it's made waves in the market. In this exclusive interview with The Critical Metals Report, Jeb Handwerger, editor of Gold Stock Trades, explains what this means for investors and what companies may be the … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


US Stocks Come Off Lows, Tech Earnings Drag

Posted: 17 Oct 2012 07:54 AM PDT

10/17/12 Wall Street pared session lows, as earnings report and US housing data were digested. IBM and Intel shares declined and weighed on … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Europe Higher, Spain Relieved, & Housing Starts Hit 4-year High

Posted: 17 Oct 2012 02:31 AM PDT

10/17/12 Global stocks were trading higher Wednesday morning after Moody’s refrained from downgrading Spain. Meanwhile, UK unemployment hit a 15-month low and September housing starts hit a 4-year … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


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