🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

The Gold Report

Published 12/31/2011, 09:29 AM
Updated 01/01/2017, 02:20 AM
GC
-
TISI
-
Gold Settles $25.90 Higher … ($1566.80)

February Gold futures traded a vast $36.60 range on moderate volume to end the year.

On January 3rd 2011 Gold settled at $1436.10 per ounce and here on December 29th the last trading day of the year we settled at $1566.80 per ounce. 2011 also saw gold notch all-time high’s trading as high as $1923.70 on September 6th. The year revealed tsunamis, geo-political tensions, and ever growing fragility in the European Union’s debit crisis. The research team here at PFG BEST has put together an outlook for 2012 which covers a blanket of commodities that should be ready to view next week. Today’s rally was in my opinion was due to traders covering their short positions and closing their books for the year.

HAPPY NEW YEAR TO ALL!!!

MY SWING NUMBERS FOR 1/2/2012

FEBRUARY GOLD
RESISTANCE # 2……..$1602.00
RESISTANCE # 1……..$1584.00
PIVOT………………….$1565.00
SUPPORT # 1…………$1548.00
SUPPORT # 2…………$1528.00
VOLUME……………….133,000



Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.