A 2 minute on the game as gold bounced on the drop in the dollar as the jobs announcement was released. Then gold price action was essentially inverse dollar related.
Looks like a liquidity pumping effort by the "operators"
Interestingly gold hit a new high for this leg while the dollar is yet to exceed its low of 30th December when the gold high was $1826 meaning gold is significantly outperforming the dollar.
A daily on the game.
Main support/resistance on the daily is $1859.22 with a minor level of resistance at $1876.25
Weekly target is $1896.5
GDX charging higher.
Aussie gold remaining well above $2700
US Bond yields with the 3 Month moving to be 103 basis points past the 10 year!!!
The crash and burn cometh. And soon by the look of it.
gold, page-116089
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