Morning Outlook from the Trade Desk 02/22/12

Discussion in 'Gold' started by metalsmtl, Feb 22, 2012.

  1. metalsmtl

    metalsmtl New Member

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    Nice move yesterday as convergence of news lifted the metals complex. Again at the $1,755 level. Must clear this level for an assault of the $1,800 number. The Dow touched 13,000 and backed off. This is to be expected, as a big figure level normally takes a few attempts to clear. As a trader flat would be my call, with a re-entry albeit maybe higher, if $1,755 is taken out and the equities resume their upward momentum.
     

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