As you can see from the chart, gold has
broken up and out of the blue uptrend channel
and is just below the white down trend channel
top line and is right at the 75% retrace point
for the entire recent down move. It is currently
hold at the top of the thick blue line of the uptrend
channel and finding support there and at various
other important points.
Either is moves up soon right now, or it will get
bashed down as the London Market is about to
close and there is a pattern of gold getting hit
big time at this time every day.
