Long Term downward trend line was justbroken and a short covering rally triggered. I think some were caught on the wrong foot since a major correction instead of the c-d 4th wave was expected... Expecting it to accelerate till Mo/Tu. Good luck over the weekend.
Comment:
Funny: in the 30 min chart you even see some "significant" resistance from the bears. Maybe the attack will come as usually Friday 5 min's before close or Monday 8:30 at China open when liquidity is weakest. But it will come... If not the sentiment clearly changed!
Comment:
WTF is happening...? GS & BofA bullish calls on Gold!!! BofA says long till 1315-1375. I seriously DO NOT agree. Except if DXY plunges to 85-90. Maybe they know it better... Just on DXY, of course.
