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Consolidation for 2 days, bias still is up. Possible range day.
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$GLD, did I mention the common pattern for a bottom therefore looked missing another test of the low? Here's the test. Time to watch. Printing money will be the new normal among center banks, I believe $gold will be shining in the long run. viewtopic.php?f=2&t=4399&p=291437#p291437
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Consensus (always a dangerous word for traders) is that bulls need to move through 3840 with big volume. Failure to do so adds to the odds of testing 3780 3760 by end of the week.
Cobra wrote:$GLD, did I mention the common pattern for a bottom therefore looked missing another test of the low? Here's the test. Time to watch. Printing money will be the new normal among center banks, I believe $gold will be shining in the long run. viewtopic.php?f=2&t=4399&p=291437#p291437
Cobra, I think you should also watch $SILVER as it will probably outperform $GOLD.
Ding ding ding, 3845 was estimated high for today. Will see how good the crystal ball was working. Should drop back to opening print, then roll over and flat line into the close.