Gold seems to have pooped out
just under today's high at 9295
Probably going to pull back a good
bit now. When anything fails to break
through an old high, it makes traders
want to take their profits quickly
which drives the price lower
A shallow pullback before this
retest of the high is good for a
further move up. Gold is right
now up against the top red trendline
where it is usually stopped and pulls back
before moving higher, if it has the momentum
Volumes are fairly strong here, but could fade
if the shorts move in hard here.
