The Boyz had to scare the longs that are
are waiting for this run up, so they whacked gold
with a decent amount of contracts to 'paint the chart' and scare the longs out of their positions.
Now gold retests the low, bounces and should make new highs above 943 on up to the 75% retrace point shown earlier.
Unfortunately, Euro, Dow, Oil all going down right now, Yen up, Bonds falling. Dow off about 50
Dollar hits .8649
But all of a sudden gold moves up
after the retest of the bottom on decent volume.
Funny how this is all so predictable