Market Analysis for Nov 28th, 2005

Spot gold prices popped to $499.50 earlier this AM-- a new high for the current upmove, and a test of the $499.75 high established in Dec. 1987!... A close at or above $500 this Wednesday-- the final day of the month-- will trigger longer term bullish signals that project next to $560...

Meanwhile, our proxy for spot gold on the equity side, NEM (47.62) remains in relatively healthy technical condition, and projects still-higher to the 48.80 area next, as the price structure presses closer to a challenge of its 2 year resistance plateau at 49.50-50.30...

For more of Mike Paulenoff, sign up for a FREE 15-Day Trial to his E-Mini/Index Futures diary. Or try his QQQ Trading Diary, or his Macro Trading Charts.

  Matched
x
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!