Gold pulls a head fake with a quick rally to 92720
and an equally quick sell off.
It has just now done the first of two 75% retraces
back up to the high but has only made a lower high which creates a down flag which resolves up.
At this level, gold will either zoom up on the open or get hit hard and sell off. Either way, on any run up take profits the second it stalls as the guv'mint will have all its partners throwing everything they have at gold and boosting the dollar and Dow. It won't work for long, but will create
some very profitable swings in these markets.
