We look at the gold, if you were to close right now, you’re at an all-time high-end. Yes, so far for the week, you’ve gained, as of today and the early trade tonight, 1.39 percent. That’s impressive. You can see how the market keeps its stepping ladder.
When we look at swing lines, which connect the current trade to the bar before it. And because this is a daily chart, it’s a daily swing line, you get higher lows, higher highs – that’s the definition of an uptrend. Now, what’s suddenly happening is the 18-day average in red is getting near that last break low. So on pullbacks, we have an idea now, a solid idea as to where the market might go to. That’s a $110 break to find support if it goes down in a big way.
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