So a 5 minute on the game with gold blasting lower on the announcement before reversing higher with the dollar also blasting higher on the announcement. The funny thing here is that the Banksters don't look to be heavily involved, if at all. The downside action appears to be Hedge Funds attacking then gettin blown up and being forced to cover. Either that or the Banksters totally underestimated the buying power.
Weekly chart support/resistance sits at $2696.05 and it has been exceeded so taking this out and holding it will be a strong signal.
US Dollar blasting higher on the announcement.
Daily on the game as gold comes up to retest its upward sloping trendline.
Daily on silver as it remains capped around the $30 area.
GDX with an extreme underperformance all thing considered. Fearmongering action, shorts along with an underperformance by silver look to be the culprits. We'll see if the Banksters get back to work on Monday which certainly wouldn't be unusual as they have on many occasions used Monday to strike back after a Friday gold rise.
The aussie getting whacked as it breaks below its consolidation.
US Dollar breaking higher and looking to take out target.
And aussie gold as it surges past resistance. It is indeed a thing of beauty.
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