Gold price, page-518

wow, nice price to wake up to



I hate to be the party pooper now, but there is a negative sign in the chart.
This could all be brushed aside shortly, by which I mean, it would not surprise me if POG falls back to 30/40's again and we play that pennant shape out to the end (1st or 2nd week of May) before proper taking off.

Point being, we now have what appears to be a triple top, so chart tells me we could reverse hard off that, much like the Dow had a triple bottom over August, Jan and Feb which saw a very big correction up (over 15%!), right when we all expected it to fall down in a very big way.




Happy to see this bearish theory blown out of the water though.
You'll also notice, last night's close was the 3rd highest for the year, and very close to all time highs.
We may take off big time during this last session heading into the weekend with any luck.
Here's hoping anyway!
Carn BDR, I know it's the slow time of year but that's a pretty cracker price.
Let's drag out those shorts again and revisit 36