Surely a rise like today’s with a breakout to near term highs the day before Non-Farm Payrolls is something I don’t ever remember seeing in the recent past. A change in character of the market to be sure. My concern is if there is someone waiting there tomorrow to lay on a massive nuclear weapon in the COMEX like selling several million tons of gold into the market to try and reverse the trend. If not then I think we have the all clear and likely a commercial signal failure. Will they have to start covering their massive shorts? Last time that happened was during the latter stages of the previous Bull Market.

And as a side note:
SPDR Gold Trust Holdings Rise 0.6% To 793.33 Metric Tons