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This report was sent to subscribers on 1/11/12 6:00 p.m. Chicago time to be used for trading on 1/12/12.
February Gold
After the close recap on 1/12/12:In my daily gold numbers on Wednesday; my resistance was $2.20 ($1.10 in open outcry) from the actual high, my pivot acted as support and was $3.70 (only $0.20 in open outcry) from the actual low.
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All charts and numbers for 1/12/12 have already been sent to subscribers at 4.50 pm .
February Gold
1663.10 FG
1645.80
--------------1634.50 Pivot (1632.70 is the 200 DMA)
1623.20
1608.10 FG
5 day chart ....... Up from last week same day
Daily chart .......... Sideways
Weekly chart ........ Down
Monthly chart ...... Up $1632.70 is the 200 DMA
ATR 28.60 Ex. Overbought 94%
I continue to say "Bracket line is support, daily numbers resist".
In my daily gold numbers on Tuesday; my resistance was $2.30 from the actual high, my pivot acted as support and was $2.30 from the actual low.
For 1/11/12: Gold: Spot on numbers! I want to day trade the numbers without bias and risk $7 on any trade idea using a stop to protect.
Want to know what I think for tomorrow and going forward?
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Howard Tyllas
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Disclaimer: No guarantee of any kind is implied or possible where projections of future conditions are tempted. Futures trading involve risk.In no event should the content of this be construed as an express or implied romise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.
