GOLD 0.51% $1,391.7 gold futures

Gold is over $1370 which is 50% of the last advance in 1st week...

  1. 1,937 Posts.
    Gold is over $1370 which is 50% of the last advance in 1st week of Nov. If it can get to $1380 it is back over 50% of the recent decline.

    Below $1335 is below the H&S neckline and would be a failure IMO. $1325 to be sure.

    But what is going to do this? A wafer thin USD? There is more insecurity than security currently.

    Still very bullish ... although it is only 6 weeks old, it indicates consolidation for me.
 
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