A Minor Breakdown in Gold?

by Rick Ackerman

Jobless claims and some housing stats are due out on Thursday, but neither is likely to spur the market in either direction.

Assuming this is the case, I’ve offered some modest targets for the E-Mini S&Ps and Comex gold that may be helpful to traders.

August Gold could conceivably break down, but the damage would likely be minor unless the selling starts trouncing Hidden Pivot supports on the hourly chart. For a detailed picture, click on the chart accompanying my latest gold tout.

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