Yesterday night ( GMT ) we tested the 50 on the hourly chart. A was forming. This afternoon the break out. It seemed a false breakout as price almost immediatelIy drop back into the flag. In the next hour we turned up again from the 50 .
One could go long from here with a stop below the 50 (hourly chart) .
I think this night the latest price will break above the Brexit high and we will be heading to 1400$.
When price breaks 1358$ suddenly everybody wants to be on board with the bull and every bear want to close the rest of the shorts.
The rally will last till last bear standing.
Just a bull flag again:
1 or 2 days and gold will top. Maybe today maybe at the job report.
We just need one spike up to 1390-1400 in gold and most of the bulls will take profit and bears will be stopped out.
SMartmoney will exit the miners at that point. And the decline starts.
Maybe you have to position today in DUST