Just observing action over the past few days and there are some...

Just observing action over the past few days and there are some interesting points that it raises. I have used the RSI on the chart below, like the MACD it does show bullish divergence and also slowing momentum. While one won't know what the situation is with the banksters until the COT report this morning, it does appear that they continue to push it down below 29 to activate long stops, and then it seems to bounce. It is more than likely that they are closing out their shorts at this level. Unless either you get a large move down tonight or Monday, that the daily range is narrowing. Of course, it's only my view. I do note that gold has held above its 7th June low, the date my cycles man was expecting.