Gold Hesitating
Spot gold is having trouble in the $1775-$1800 region. We have turbulence here. Two possible outcomes (in my view). We get a $200+ correction before clearing this hurdle, or we get it after the next spike upwards. A large correction is very, very likely though – it’s just a question of when.
Trouble? It hasn’t even been 24 hours. Appreciate all your work though!
What I mean is that, technically, it isn’t good to drop back below the breakout resistance line. It urges caution at the very least.