As we look at the gold here, you can see you had an outside day up in gold. If this market takes out today’s low, watch out. Alright, then the odds are the market will fall further.
The pattern is still bullish and you have higher highs, higher lows. And I wouldn’t be surprised if you take out the lows of today, Wednesday, that you go back to regroup at the $2558 level. Where’s the market having resistance? Right where I teach you, the upper Bollinger Band and momentum has turned down.
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