When I look at what the gold is doing, this is that correction on a weekly chart. So you’ve backed off on this market. When you come to the daily, this low is lower than that low. So you’ve actually got on the swing line, higher lows, and a higher high.
When I go for the Bollinger Band, notice where this market stopped on the break, and we were laughing at this yesterday together, and you’re getting your bounce. So now what? Well, you’re oversold, you’ve come down hard. Is the market going to be able to reassert itself? And you don’t have to be a genius on that. If you close over the 18-day average of closes, which is $3320.60, then I have to say the market’s reasserting itself.
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