No loose ends. But GOLD U leave me hanging on a positive string!

FX:XAUUSD   Gold Spot / U.S. Dollar
It's a normal linear scale chart which gives another impression of gold than the logarithmic charts I published yesterday. (See links below).
The whole chart cant stay within the picture but push the "-" bottom to see the trend lines . Fits well in a channel.
Seems like gold is hanging in there.... on a sting!

I have looked at the EW count as an 5 wave down and therefore not corrective. I'll look into to it again to see if a corrective count is possible. I'll return later on that part.

Production cost for miners should be in the neighborhood off $1100. A stop around and a reversal here will keep the miners alive. An gold is continuously in strong demand. Google it....

Safe trading ladies & gents!

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