Gold has broken the terrible downtrend line of the last 10-20 days finally on good volume.The next important pivot is 1602-03. Once that is taken out a rally continues and is confirmed to me.
will be buying wave pullbacks now for the move on 1600 which should happen over next days imo. Many,many days of selling amount to sharp reactions which then turn into sharp rallies. 1564 pivot blasted thru is bullish. Shorting parties of CrackHeads,Somalian Rebels,and Chechen bombers continue to pile in looking for Gold 1300. This is the necessary fuel for the rally to exceed 1600 and begin to break free and run.
Always and ever its when the mangled corpses are piled highest on the field that the battle then turns as Rothschildean Algos reverse and go long. Without fail this is the law of the finance jungle. Granny will be grabbing a vine and holding on. All good traitors must sell the bottom or avoid possible doomsday implosion. This then requires and demands that they must be ready to reverse their position and do a Steve McQueen 'Bullit' 180' fish tail that points back up. This is the inherent paradox in trading.
as anticipated SI playing a little catch up now.