A 2 minute showing similar action with the continuing failure to...

A 2 minute showing similar action with the continuing failure to hold gold below $1800. long may it last.


Gold on the daily below continues to flirt with the down sloping trend line from last years August high. Were coming up to the first year anniversary of the high and getting back above and holding that line is the first port of call.
The previous swing low of $1791.62 continues to hold albeit not by much as we await the next move in the game.


Gold indices overnight all had inside days on mediocre volume as the wait for the next move continues.
Silver continues to bounce from its oversold level.
$USD pulling back slightly, maybe getting positioned for another ramp.
US crude oil bounces back up to over $71 from its low of $65 ish and is back above its 50 day ma.
Copper also continuing its bounce.
Below is a daily on the S&P 500 and the recent correction was just another test of the 50 day ma as has been the case continuously so the next couple of months should indicate just how strong it is as the curve is showing early signs of flattening.
So the bounce has come. Will new highs arrive?

v

Another day in the game awaits.