"Gold broke down to a new low on trend this morning, then rebounded back above $1,268 former support, completing a bullish bear trap reversal. This suggests that much of the selling has been cleaned out and a rebound potentially underway. Initial resistance appears near the $1,300 level."
And we are currently sitting about 1282 just off its highs last session and way over its lows of 1269.
Lets see if my little bet pays off and gold runs again to 1400.
