Thursday, October 4, 2012

Trade Guideline For Friday

A narrow-range short-covering day on Thursday with the close not far from the high of the day. 

Key Level For Friday is 2820.
-- Above 2820 short-covering should continue, target 2838, then 2853
-- Below 2820 implies NQ is in a pullback mode, target down 2810 then 2800, 2790

Gold Price Chart since 1970.