Unless, of course, there is a rapid reversal tomorrow (Thursday) implying a false breakout.

I’m attaching a PDF from Martin Pring  that’s definitely worth reading. You can click on any of the charts in that one and a hyperlink will open to a full-size chart in your browser. (ALSO, those charts are live and continuously updated allowing for easy monitoring.)

The post below is from my friend who’s been looking for a low right here in gold for several weeks now.

Gold** Daily Continuation

Support 1750-1760. Resistance reset to1833, closing basis. The market has accomplished much in the last few sessions. The declining red trend-line has been overcome and the head and shoulders pattern has been completed with today’s close above the neckline. The head and shoulders measured objective is 1980.5. We also add that the current rally from the 2 low would equal the initial rally from the 1 low at 1935.3 (equal swings).