This is the main reason I strongly advise against shorting during a 3rd wave in a bull market. They are often strongly trending structures, and that is what we have seen ..
A dip to $1750 would be disappointing, but it would only add to the already very-positive look of this chart.
I urge all gold market investors to begin their day by drawing an “arrow of disappointment” on the gold chart.
Sales of gold bracelets, pendants, earrings, and necklaces that draw on dragons, phoenixes, peonies and other traditional Chinese patterns and symbols, are flying among consumers, especially those in their 20s and 30s.
The weak jobs report sparked a sharp rally for gold that now appears to be on the cusp of breaking out. Stock markets faltered and given growing divergences everywhere ..
