Let's take a look at the gold. I'll stick with what I said. I think if the market breaks down to $2636 is a shot at some support, from where you're at, it's only $15 away.
The market tried the upside last week and just completely gave everything up, lickety-split...why? I'm going to repeat: C-H-I-N-A. The market was hoping to see something China had bought for the first time in November gold for the past six months, but haven't been doing that for the central bank and then the meeting and when the meeting ended last week as I said, that's what was going to be the metal market at that point and right back down...
You have a pattern of a lower and low and a higher high. I can't call that a trend. The market is now under the 18-day average of closes, which puts the next support at $2640.
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