When a market moves back up to its highs and
makes a one tick higher high on light volume, that
is a sign of exhaution. There are however, some
large bids showing up (that might have been cancelled)
that could trigger another quick up spikes. Sometimes,
when there are lots of sell offers piling up, buyers will
burn right through them taking the market higher.
This market is resting right now trying to decide which
way to go. It should pull back to share the profit just made
and to allow buyers to come back in who will only come in
at lower prices. Let the fibonaccis guide you to the buy in
points, and DO NOT over buy on margin!
Every time I've thought gold would keep exploding up in the
Grand Explosion of all time...it pulls back in a major way.