If it wasn't for that mentally significant level of support below, this market looks rearin' for continuation. A First Cross sell signal being triggered across the board, on higher volume today:
Gold was down big today. With all the news of Dollar strength bringing down commodities, Gold just naturally seemed due for a pullback, and this chart (using GLD as a proxy) still looks fairly healthy.
and should it pull back further, $100 ($1000/ounce spot market), or even $96, could bring in renewed buying on a Resistance becomes Support bounce test.
No comments:
Post a Comment