Gold To Shine?

Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
market’s opening. Therefore, overnight events may alter the
outcome of these observations.


February gold
(
GCG1 |
Quote |
Chart |
News |
PowerRating)
has formed a big picture cup and has
begun to “handle.” Look for a buying opportunity here but wait for
follow-through to the upside as it was down on Monday.

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The March Swiss Franc
(
SFH1 |
Quote |
Chart |
News |
PowerRating)
is in its first pullback since its melt up
from lows. Look for a buying opportunity here.

Looking Ahead

Once
again, the meats, mentioned recently, continue to new highs. If
they pull back over the next few days, they may set up as buys. 

Best of luck with
your trading on Tuesday!

face=”Arial, Helvetica”>Dave Landry

P.S. Reminder:
Protective stops on every trade!