When we look at the gold chart for the week, you’re down 2.41 percent. So, one full day of trading, and an hour and 10 minutes in, and that’s where you’re at on this for the week so far. You can see how the market has let go. I mean, you went from $3200, and I think you can see what I’m saying. Today’s low in the market to give you an example was $2970.40, and you’re closed right off the lows.
The market has a pattern of a higher high and a lower low. “Where’s the neutral zone?” is what I want to know. Is the market trending now? It is not. It’s out of an uptrend.
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