As predicted, gold continues to stair step up
within the blue uptrend channel. The last move
will retrace, then move higher. The closer trading
gets to the Crimex close in 45 minutes, the more
likely it will be for gold to sell off into and on the close.
Then it will probably move higher in the afternoon
and evening as the violence before the G20 meeting
continues to escalate.
As long as gold does not make lower lows and
dropping out of the blue uptrend channel, it
should continue higher. How high, depends on
how fast it rises. The faster the rise, the more
likely a pull back becomes and the farther the
pull back will fall.
