When we look at the gold market, it’s really gone nowhere for about a week and a half, two weeks. Take a look, you’re just back and forth in here. When we come to the daily chart, you can see the action’s a little bit different right here. The pattern on the chart is still one of higher lows and a higher high. That legacy still at work, but we haven’t stopped fighting, just as I pointed out to you day after day, at this 18-day average. The market is winding itself up.
So, I have a market that, while it’s in an uptrend with upside bias, it hasn’t been able to go anywhere recently. It’s getting overbought.
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