Gold is basically trapped in a trading range, but
could move lower (it really has to) to fill the gap
created on the Sunday open shown on previous charts. I don't believe gold can move higher until
it resolves that technical issue.
Gold could also move much lower, as so many are suggesting, to clear out the market of weak longs and satisfy the 'powers' as they profit from their
shorts, offset them and buy up all the gold they can acquire for the long run into the calamity that is almost upon us which will soon become violent
as more people become destitute. This little 'tea party'
display is just the surface of the anger. When more people
become aware of just how they've been fleeced by corporate
and political criminals, they will be OUTRAGED. With nothing
else to lose, what do you thing they will do?
Some will commit suicide, some will just starve to death.
But SOME will take action VIOLENTLY!