Thursday, May 24, 2007

ZG, GC & Spot Charts update

Gold options expire, futures contracts are rolled over (June to August), Statistics coming in at 8:30 and 10:00 AM. Technically the market is extremely indecisive and market participants wouldn't want to be heavily committed.

Elliott Wave update will be coming as soon as the picture gets a little bit clearer.

ZGM7 CBOT Gold Intraday (120 minute) chart

CBOT Gold

















GCQ7 COMEX Gold daily chart

COMEX Gold

















XAUUSD (spot gold) daily chart

XAUUSD

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