Crude WTI about to test March low, and I think it will break. Gold has not even tested the weekly resistance of 1131.67. What is the chance of gold negatively correlated to crude? Who could have thought AUD can rally like this off the low but that support has been very stubborn. I think a bit premature of the gold traders buying stock today. The harder the rally in some of the goldies, the harder they could fall tomorrow.
I have remained disciplined to any bargain hunting the goldies today because gold has not even cleared the weekly resistance let alone 1142 which is a stronger resistance! I am not trading these goldies but some here are making good coins and the signs are there to only play the swing.
