So the 2 minute tells the story of gold being capped below $1800 early in the session and as pressure on the futures markets increased so did the intensity of the gold attack with increasing volatility as we moved towards the broader game opening.
A 2 minute on the GDX below with the big red bar on the open then into the close it pulls back up as the broader markets pull higher
A daily on the GDX below showing continued corrective action but with a long tail indicating the corrective action may have run its course.
The Dow below finishes with a reversal higher and this is the same picture throughout the broader market structure indicating that a short covering rally may well be on its way throughout the entire game, gold included.
