Is it just me, putting charts aside, but does it seem like Gold is establishing a bottom.
Last night it was fierce resistance through the 880's into the 890's, with short-covering I imagine putting it up just over 900.
Tonight it's fierce resistance through the 890's - I know you need to look at it more as a currency and not a company share - but it seems to be estabishing a strong open-interest base. Interesting to see what the open interest figures are over the coming days.
Now after writing this and going to bed, the Service Industries report will be better than expected and Gold will smash down through the 880's - knowing my luck.
Interested in other thoughts.
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