Gold takes off in Asia starting at midnight PST
rising quickly on 12,800 contracts, then a 4.62K
pullback the next hour, then two hours of up
and down of about 2.6K contracts. The 4am pst
hour so far shows 1.36K contract up.
Notice the pattern of down flags and break outs
that lead us up the green uptrend channel.
This is how gold trades in the larger context, doing
so in little up and down 75% retracements in both
directions. Hang on to your hats. Gold is coming
home to roost on the top of the chicken coop.
