gold, page-116037

So, a 5 minute on the game with the failed cap attempt at $1850 in clear view.



A daily on the game as the shorts are caught short. Especially the guys putting on new shorts on the back of a rising dollar. They might just have to be a bit more cautious.




A weekly on the game gives us a target of $1896.5 with minor support/resistance at $1854.04 Its certainly doable as daily techs are elevated but not seriously overheated.
Weekly stochs are gettin as close as they get to overcooked. Maybe we get a spike high. We shall see.

GDX continues to charge higher on good volume.
Aussies a bit behind the eight ball yesterday so we should see some good ol FOMO this morning.
We'll see what, if any impact the higher aussie has on golds today.