When we look at the gold market, we’re still staying over the 18-day moving average of closes, that is bullish. When you look at the gold, you came down, and as I said to you the other day, you broke the downtrend, but that doesn’t mean you’re instantly into an uptrend. You had today — an outside day to the downside. Today’s high is what’s important.
You’ve got a higher high but a lower low pattern. If you were in a downtrend, you’d have lower highs and lower lows, and in an uptrend, higher highs and higher low. So we’ll see what this market can do.
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