a 5 minute from yesterdays aussie open indicating the usual game.
A daily on the game with gold having a lower close but no lower low. Certainly no major smash attempt overnight
US dollar spiking higher without the "obligatory" gold smash???.
The fraudsters were busy overnight supporting the broader game against the dollar rise.
25 basis point rise is now fully baked in.
Gold moves deeper into oversold and the lack of a spike low against a spike high in the dollar may mean we are now very close to something tradable to the upside. A gold spike low remains a risk but if it does spike low, look for a sharp upside reversal.
The US dollar could also be moving into topping action in the short run.
We shall see.
GDX with meaningless action
The aussie as it breaks below previous lows to close at a new low.
gold, page-111131
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