Gold is also forming the blue down flag which
is supposed to resolve up, but the filling of the opening
gap will violate the down flag in the process of filling
the gap, so I really don't give it much consideration,
other than possibly providing temporary support
on the way down and some resistance on the way
back up...
IF gold does manage to rise from the filling of the
opening gap anywhere near this level.
I think we will see gold fall some tomorrow with
a good recovery which will once again be sold off
during the Crimex session. So...what's new?
