We continue to view the uptrend as a bear-market fake, implying it is incapable of achieving new all-time highs. But it could get close enough to scare the hell out of bears.
The weekly gold chart shows a bullish crossover of moving averages, as long as $1,808.80 area is not taken out, the bulls have a chance to build from here.
I think a trade bottom is in place for gold, I have not yet joined the bull camp, but will I? I might.
I have not joined in the bull camp, but if we break $1,852.50...
Gold pushing the 18 day moving average, resistance.
Now we are getting employment data. Got to start paying attention.
Come September, the 5.5% interest rate..
