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Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at  Zaner Group .

GOLD: 5/18/12  Higher close yesterday for gold futures again as it continues to look lower overall and nothing has changed that I can see after yesterday’s higher close.  Gold settled sharply higher but the only techical changes that I can see are the lower highs streak ended yesterday.  Th resistance area for gold is far above its present level as seen below.  Gold has been trending lower since the beginning of March.  For additional customizable charts and quotes visit Markethead.com  for a FREE, no-oblig

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