crazy action today. That was likely some short covering this morning up to the 1520s. Bears came back strong. This looks like a bit of a falling wedge so hopefully bulls will bring this back up and form another lower high or hourly equilibrium.
Broad market is waaaay at the tops so I imagine if it starts to sell it would give more fuel to the gold bulls. Gold bears would need the broad market to stay high but with the fed coming up next Wednesday, SPY above 300 poses more risk thank reward. Thoughts?
Broad market is waaaay at the tops so I imagine if it starts to sell it would give more fuel to the gold bulls. Gold bears would need the broad market to stay high but with the fed coming up next Wednesday, SPY above 300 poses more risk thank reward. Thoughts?