These resistance and support lines were drawn a while ago

Bang

This is why I hedged this morning
So Far this $80 Rally In gold in a month and this 25% run in Miners And this slowdown in the Dollar Trump Rally
have all produced beautiful Chartological Backtests .
Backtests IMHO are the backbone of Chartology.
I have found it is NOT good to question the validity of a breakdown until a Good Backtest has been had.
MOST of them hold resistance or support, a few times the line gives way and then is retaken ( Strong Backtest)
and sometimes the Backtest fails ! In this case Gold breaks thru and Dollar breaks Down

If you are the cautious type you will not get too bullish here until the Backtests are clearly over .
For me its the Dollar and Gold ( not the miners) at this point to watch

These are Net Dania Charts…I’m watching them 24/5