GOLD 0.51% $1,391.7 gold futures

gold, page-101172

  1. 10,681 Posts.
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    A 5 minute from yesterdays opening paints the picture of the capping at $1765 then the expected orchestrated move down to sub $1750 which couldn't be held so then the bounce back up through $1765 where another attempt was made to cap gold failed and so now we are well above that and so we see if as expected another attempt will be enacted to push gold back down through $1765

    https://hotcopper.com.au/data/attachments/3652/3652309-f14eec382cd5ee809e61bd8821dd8e1e.jpg

    Looking at US golds and there remains a lack of conviction.
    GDX may have had a slightly higher close but it hasn't exceeded its high of 2 days ago.
    This is not what bottoms are made of from what I can see.
    More patience required.

    https://hotcopper.com.au/data/attachments/3652/3652371-76b75db630440aab61b6107b9d4382aa.jpg


    Below is a weekly on crude oil exhibiting highs not seen for years.

    https://hotcopper.com.au/data/attachments/3652/3652389-6e8fc7795f840215dd1dcefdf5ce5a1f.jpg

    Just another day coming up in this nonsense as we witness growing pressure.
 
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