Gold rises on a few separate pulses of about 150 contracts
per minute, spaced out by minutes of very light volume.
It then rises to just above the white up flag's top line,
between the 50% and 61.8% retracement points of the
down leg from 89490.
Gold cold just rally here, but I still think it will fall
to fill the Sunday gap. The volume and pace of trading
is just too quiet today. There doesn't appear to be much
in the news that would cause a big rally, OR a big drop off,
But...gold technically NEEDS to fill that gap.
Gaps are almost ALWAYS filled, either quickly, in minutes,
in days, weeks, months, or even years....but they ARE filled
eventually.
Gold falls back. As we get closer to the Crimex
close, gold should begin to sell off more strongly.
That, or after the close.
