Gold price, page-12924

it could be just day traders buying at 21 that are impatient and selling it.
having said that, it did feel to me like late last week it was someone selling out, just not wanting to sell much lower! getting the best they could for it.

just so ya know, I have been teased back in, but I wasn't bidding the asking price either, sat their patiently bidding lower like much of the trading the past week. I have been cranky with goldies but the recent POG increase feels just a bit too good to ignore. This time I've bought some NCM as well so I don't get the same frustration on positive POG days.

Just wanted to share this chart now that it's just happened. A gap is never nice to leave behind. It seems to have just filled now (but narrowly missed by 2 cents according to this source!) - I reckon that is good enough as filled...
Nice that it did not happen during our session today, and with any luck, this extremely strong trend can resume from here.


I do stress however, I do not like buying when daily RSI is this high (it's pretty much breaking my rules!) but again, it just felt like the break past $1300 has had a bit too much oomph to it. Until I see something a lot more downside in the current trend, I gotta say, it feels like the bull is finally breaking out of the gate now. This recent trend up has been steady for a whole month.