This appears to be the usual attack by the bullion
banks who simply pull their bids and gold falls out
the bottom triggering sell stops on the way down.
Gold fell out of the blue up flag, but is still well within
the white down flag, which resolves up.
Hopefully, the foreign markets will see the bargain prices
and buy in tonight. Anyone with half a brain should
recognize the equities rally is nothing more than a
bear trap rally and will fall apart very soon. Even if
it gets some legs, the higher it goes simply gives the
smart traders a chance to short the market at a higher
level.
