I have redrawn some of the old trendlines which
will show more clearly in larger charts.
We are now in a new down flag which resolves up
But, we are also in very high territory and at any
minute, if gold doesn't keep moving up strongly and
quickly, some traders my just decide to take profit.
If enough of them take profit, and others with less
profit see it fading, they will all start selling and
drop the market quickly providing another good
entry point for cash buyers as well as traders.