Gold
OK
We all were looking at 1155 (Even Marty) as the retest BUT
How about 1178 ?
1178 was the first stopping point for gold after that brutal drop in 2013
June 2013 then again Jan 2014
Finally this low was marginally broken and 1150ish became support
BUT is a retest of that very significant support at 1175 such a surprise >?
and note the downtrend line
IF 1178 goes then Shorts have a problem
Until then its a strong backtest IMO
Here was my take I posted a little bit ago further down.
http://schrts.co/LBLcvu
Looks like the metal may have hit a resistance line this evening. Really impressive parabolic rise for sure!
http://invst.ly/1-3h
Test comment…
We are probably still back-testing …. IMHO
L)