Either gold is going to rally up out of the little
white up flag which is at the low side of the
larger WHITE down flag, which should resolve up,
or it will collapse and fall further. Right now it is
playing with breaking above the blue down flag
upper line, but volume is weak in all directions today.
Dollar just keeps gradually rising. Stocks flopping around
Bonds holding near their lows in the 114s, Oil falling
some from its highs.
All in all a very tiring market to watch for lack of any
volatility. No more news today that should shake the
markets and what news there was came in with a whimper.
6am and 7am pdst hourly volumes were both in the 12K contract
range, which averages out to 200 contracts/minute which is
moderate volume, and all to the down side.
