Gold's Big Swing Today Has Created an Interesting Setup
The following are the latest daily summaries of my ongoing intraday coverage providing context to interpret price action. Any prices listed are for a contract's current "front month." Their direction tends to correlate with any ETFs listed for each. Today’s Highlight: Gold absorbed another shakeout Thursday. Its recovery left little to be desired except for leaving little on the table for Friday. It may be only a corrective rally but it should extend higher into and out of the weekend if Friday morning isn’t already rejecting it. Dollar Basket Mar Contract DX; (NYSEARCA:UUP) (NYSEARCA:UDN) Thursday’s gap down well under ...
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